Stick it to Foreigners Former U.S. Senate Finance Committee Chairman Russel B. Long (D-Louisiana) noted how politicians protected their own constituents and sought to shift the burden to others. He famously said, “Don’t tax you. Don’t tax me. Tax the guy behind the tree.” Now Senate Democrats have found someone to help fund their $3.5 trillion budget resolution that would more than double public welfare spending – non-Americans. The Finance Committee has been instructed by Democratic leaders to find a way to impose a “carbon polluter import fee” to offset the proposed increase in domestic spending. While it has yet to be seen whether a carbon border adjustment mechanism can pass muster with...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.