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Daily News Updates

Important updates on what we’re following each day. 

Healthcare & Medicaid

The tax bill goes much less far in cutting Medicaid than originally feared. It largely focuses on work and trying to work requirements and testing eligibility versus actual cuts. It disallows coverage for illegal immigrants.

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Estate & Property Provisions

The tax bill increases the estate exemption by around another $1 million or so to $15 million per person. The tax bill increases the state and local tax exemption to $40000 from $10000 and curtails some of the work arounds.

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Family & Individual Credits

The tax bill increases the child care credit to $2500. The bill eliminates taxes on tips with certain limits to be defined. The bill also eliminates taxes on overtime with certain limits.

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Tax Cuts & Deductions

The tax bill largely extends the tax cuts from the first Trump administration. The tax bill adds $4000 to the standard deduction for seniors. This phases out at higher incomes. The bill also doubles the standard deduction.

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Legislative Process & Budget Impact

The tax bill is more than 1000 pages long. More analysis to come. The tax bill passed the House by one vote and still needs to pass the Senate. The bill passed 215 to 214. The tax bill is expected to increase the deficits by nearly $3 trillion over 10

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Events & Webinars

Our next live webinar at Becker Private Equity and Business Podcast is set for June 17. Niches, Customers and Teams – 10 Thoughts on Building Businesses. Please register here:  https://lnkd.in/gYqjedKM We are also very excited to record a webinar in early June on leadership and business business building with 4

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Leadership & Industry Voices

NVIDIA CEO Jensen Huang criticizes some of the restrictions on sales of chips to China. Jensen is a remarkable leader. Whether I agree with him or not, I’m thrilled to see some leaders like him have the wherewithal to speak up. This is not an anti-Trump comment. It’s a pro-Huang

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Stock Highlights & Commentary

Warby Parker jumped 15.63% yesterday as Google announced a partnership regarding AI-powered smart glasses. You would have needed insider information to have doubled down on Warby Parker. Lucid Motors jumped more than 10% yesterday. While its cars are very cool, it is way below 20,000 vehicles a year and below

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Earnings Reports & Company Outlooks

Target is getting taken to the woodshed by Walmart. It badly missed on first quarter earnings and reduced its guidance for the year. Peloton Interactive reported that revenues fell 13% in the latest quarter. It also saw subscriber numbers drop. It’s a tough and ordinary business now that COVID is

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The Myth of the SoloPreneuer

The solopreneur vs building teams.  At some point in this book we will talk deeply about teams.  In fact, over the course of this book you will read a lot about teams and niches and customers.     Before we dig into teams, I want to discuss the concept or

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Sports & Entertainment

In reference to Wisconsin, Giannis the basketball great who gives the Bucks a reason for being is discussing trade options with the team. This may cause anyone who has named their dog after the Bucks star to consider a rebrand.

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Events & Conferences

We are excited to give a keynote talk June 5th at the Wisconsin Technology Council Entrepreneurs Meeting. We also thrilled to see the Becker Private Equity and Business Podcast reach 7 million downloads and the related newsletter pass 20000 subscribers. In reference to Wisconsin, Giannis the basketball great who gives

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