For the first time, NAHREP will be releasing a narrative review of the new tax legislation recently signed into law. The organization characterizes the law as “disappointing” but with some definite positives for business owners and investors. The new law was passed with zero support or input from democrats. Ironically, the flawed Dodd-Frank bill was justifiably maligned by conservatives for its total lack of republican input. Legislation crafted in the dark and rammed through Congress is no way to serve the American people.
Almost everyone, including Democrats, were expecting last Tuesday’s midterm election results to heavily favor Republicans. Many predicted a “red wave” where they would pick up 50-60 seats in the House and 3-4 in the Senate. Joe Rogan said the red wave that is coming will be like the elevator doors opening in the horror film The Shining.