Economic News

The Economy – Retirement – Taxes

Economy:

• Black Homeownership Drops to All-Time Low – Wall St journal 7/19/2019 “…Homes in neighborhoods with a high concentration of white borrowers on average have seen their homes appreciate 3% from 2006 through 2017, according to the study. However, homes in neighborhoods with a concentration of black borrowers on average are worth 6% less than they were in 2006….”
• JP Morgan, Goldman and others boost dividends and buybacks after passing Fed stress test – CNBC 6/27/2019 “…All 18 of the big institutions tested by the Fed won approval to boost payouts with the exception of the U.S. division of Credit Suisse….”
• Consumer Confidence Declines to Lowest in Two Years – US News 6/25/2019 “…’Although the Index remains at a high level, continued uncertainty could result in further volatility in the Index and, at some point, could even begin to diminish consumers’ confidence in the expansion.’….”
• 1st-Time Homebuyers Are Getting Squeezed Out By Investors – npr.org 6/21/2019 “…The pool of smaller, affordable starter houses is low. And increasingly, first-time homebuyers are competing with investors who are buying up these homes. Last year, investors accounted for 1 in 5 starter-priced homes, according to data released by CoreLogic on Thursday. The rate of investor purchases of starter homes has been rising and has nearly doubled since 1999….”
• Soft U.S. factory activity darkens economic outlook – Reuters 6/21/2019 “…While many indicators still point to a healthy economy, Fed policymakers are increasingly concerned that the 10-year economic expansion could be in danger….”
• Fed’s stress test shows nation’s top banks could withstand $410 billion of losses – MarketWatch.com 6/21/2019
• Trump Official Goes Rogue, Says Climate Change May Cause Next Financial Crisis – Vanity Fair 6/12/2019
• GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows – Washington Post 6/11/2019
• U.S. Economy Celebrates 10 Years of Growth, But No One’s Partying – Bloomberg 6/6/2019
• Nearly every state is better prepared for a recession than New Jersey – NJ.com 5/21/2019
• Shining the spotlight on NJ’s dirty secrets of tax incentives – northjersey.com 5/12/2019
• Why US economic growth isn’t as strong as it looks – CNN 5/1/2019
• US economic growth is likely to slow sharply this year and next, according to CNBC’s Fed Survey – CNBC 3/19/2019
• Freiman, Mukherji and Murphy Bill Establishing Retirement Savings Plan Clears Legislature, Heads to Governor’s Desk – Insider NJ 2/25/19
• “This is a big deal”: Murphy joins growing effort to restore your property tax deduction – nj.com 2/23/19
• Robert Reich: America Faces a Threat Far Greater Than Trump – truthdig 2/5/19
• Government shutdown cost economy $11 billion, budget office says – NBC News 1/28/19
• A Sober Look At The Economy – Washington Post 1/2/19
• Trump’s Tax Cut One Year Later; What Happened? – NY Times 12/27/18
• Economy Is Strong. Leadership Is Shaky. Which Will Win Out in 2019? – NYTimes 12/24/18
• Something Just Doesn’t Add Up Here – Amdur Group, printed in The Record “the job report” 12/23/18
• The benefits of this ‘strong economy’ have not reached all Americans – Washington Post 12/13/18
• Murphy’s risky plan to spark Jersey’s sagging economy – NJ.com 10/7/18
• NJ Economy at a Glance – Bureau of Labor Statistics

Retirement:

• New Jersey poised to create auto-IRA program – Investment News 2/28/2019
• For Workers Without Retirement Savings, State-Run I.R.A.s Can Pay Off – NYTimes 4/20/18

Taxes:

• N.J. Democrats Send Murphy Budget Without Millionaire’s Tax – Bloomberg 6/20/2019
• Which States Are Givers and Which Are Takers – The Atlantic 5/5/2019
• MANY PEOPLE ARE TOO BROKE FOR BANKRUPTCY – Pacific Standard 4/15/2019
• Lots of states mooch off New Jersey and your federal tax dollars. And Trump’s tax law could make it worse. – nj.com 1/9/19
• Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
• Ocasio-Cortez’s 70 Percent Top Tax Rate Is a Moderate, Evidence-Based Policy – NY Magazine 1/4/19
• NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
• A Year After the Middle Class Tax Cut, the Rich Are Winning – Bloomberg 12/18/18
• Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
• Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class –  nj1015.com 10/17/18
• Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com  9/10/18
• N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
• Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
• NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
• Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
• Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class –  nj1015.com 10/17/18
• Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com  9/10/18
• N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
• Trump says property tax deduction has rest of America subsidizing N.J. He’s wrong. – NJ.com 10/2/17N.J. Democrats Send Murphy Budget Without Millionaire’s Tax – Bloomberg 6/20/2019
• Which States Are Givers and Which Are Takers – The Atlantic 5/5/2019
• MANY PEOPLE ARE TOO BROKE FOR BANKRUPTCY – Pacific Standard 4/15/2019
• Lots of states mooch off New Jersey and your federal tax dollars. And Trump’s tax law could make it worse. – nj.com 1/9/19
• Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
• Ocasio-Cortez’s 70 Percent Top Tax Rate Is a Moderate, Evidence-Based Policy – NY Magazine 1/4/19
• NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
• A Year After the Middle Class Tax Cut, the Rich Are Winning – Bloomberg 12/18/18
• Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
• Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class –  nj1015.com 10/17/18
• Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com  9/10/18
• N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
• Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
• NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
• Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
• Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class –  nj1015.com 10/17/18
• Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com  9/10/18
• N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
• Trump says property tax deduction has rest of America subsidizing N.J. He’s wrong. – NJ.com 10/2/17