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Posts tagged “Trump and IR”

Trump, GOP love tax cuts, but this isn’t 1986

If you are hoping tax reform legislation will salvage the Trump administration’s agenda and support another stock market run-up, don’t count on it. Amidst internal dissension and growing concern that now is not the time for tax cuts, the administration and congressional Republicans are struggling to shape a bill that can garner enough votes—and the president’s approval.

After the failure to repeal Obamacare, Republicans see tax reform as the only route to a major legislative victory this year. Cutting taxes, after all, is what Republicans believe they do best. But this could end up like the failed repeal all over again—patching pieces together to find something that will pass that doesn’t really address the underlying problems.

As CNBC commentator Ron Insana wrote…

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SEC chairman nominee Jay Clayton says IPO regs and costs should be eased

Jay Clayton is likely headed for a smooth confirmation by the U.S. Senate to be the new chairman of the Securities and Exchange Commission (SEC).

We already have a pretty good sense of what Clayton, a high-profile corporate attorney with Sullivan & Cromwell LLP, is likely to focus on, based on his March 23, 2017 testimony before the Senate Committee on Banking, Housing and Urban Affairs:

He said current SEC regulations have made it “too costly to become a public company,” and, as a result, there has been “a dearth of IPOs” in recent years. Clayton noted that the number of U.S.-listed public companies is down over 35 percent from 1997. In 1996, there were approximately 845 U.S. IPOs, while in 2016, there were approximately 128. Clayton’s client work has included…

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Preparing for the Trump Twitter storm

While Twitter itself may be saved by President Trump’s frequent use, some companies have growing concerns about how his Tweets could negatively impact their business. Preparing a contingency plan to help guide responses and actions following a Trump Twitter targeting is now a reality nearly every organization must face.

Here’s a few tips:

Face the reality. Think it won’t happen to you? Think again. It’s happened to individuals and companies of all sizes. It can have a significant impact, even across an entire industry: Airline stocks fell 29 percent after the Executive Order on immigration.

Ask some hard questions. In what situations would you take a stand against negative commentary targeting your company? How would you do it without making the situation…

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6 steps for IR under the new Trump trade paradigm

President Trump’s campaign promise to recast America’s international trade relations in an aggressively protectionist mold has prompted many public companies to add new risk factors to their regulatory filings—and probably some new talking points for discussions with analysts and investors.

The president wasted no time in withdrawing the U.S. from the Trans-Pacific Partnership (TPP), scheduling meetings to begin renegotiating the North American Free Trade Agreement (NAFTA), and slamming Mexico, China, Japan and Germany for their trade and currency practices.

Although major business and agricultural groups had lobbied to salvage the TPP and warned about the dangers of withdrawing from NAFTA, Trump brushed aside these concerns along with 200 years of economic…

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Turbulence ahead: Navigating the travel ban

Less than two weeks into the new administration, shockwaves are being created at the nation’s airports over last week’s executive order to ban travel into the U.S. by refugees or by citizens of seven Muslim-majority nations – Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.

The order targets three groups: refugees from any country, who are blocked from entering the United States for the next 120 days; refugees from Syria, who are barred indefinitely; and citizens from the aforementioned seven countries, who are precluded from entering the United States for at least 90 days.

Fallout from the order has been swift and widespread. Protests at airports across the country have erupted, some peaceful and others not so much. And no end to them appears to be in sight,…

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