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Best Web OpEds    H3'ed 2/16/20

How Bloomberg's Candidacy is a Double-Whammy to Down-Ballot 2020 Democratic Candidates

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Bloomberg’s Candidacy shockingly disruptive effect: hiring armies of staffers and canvassers in nearly every state at eye-popping salaries, poaching talent from other Democratic campaigns. To date, costing the Democrats a Connecticut U.S. House seat in 2020 by just 79 votes!

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Bloomberg’s $5 trillion tax plan; unfortunately for over 18 million potential 2020 voters his plan maintains the $10,000 limit on state and local tax deductions (SALT Cap).

This SALT Cap was the Achilles Heel for 27 GOP congressional candidates in 2018 whose losses were instrumental to the Democrats flipping the U.S. House by 39 net seats (the 27 seats representing a super-majority of 69%). All Democratic down-ballot candidates in the majority states unfavorably affected by the SALT Cap will be forced into an inconsistent tax policy narrative with the standard-bearer and cost them votes.
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A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
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