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Tax overhaul legislation officially became law on Friday, December 22, 2017, with President Donald Trump’s signature. Northwestern Mutual’s Government Relations team, with strong industry leadership by CEO John Schlifske, spent the fall weighing in on these sweeping tax changes, defending policyowner interests and working to ensure the company was treated fairly under this new […]
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On Nov. 1, Republican leaders in the U.S. House of Representatives released a major tax reform proposal, with the intent of beginning debate on it during the week of Nov. 6. The bill contains a number of provisions of interest to Northwestern Mutual. Of note, no new taxes on life insurance products, annuities or retirement […]
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Forbes (7/16/16) – Speaker Ryan’s hand-picked chairman of the House Ways and Means Committee, Rep. Kevin Brady (R-TX), managed to achieve the impossible as head of Ryan’s House task force on tax reform. Recent well-intended efforts at tax reform left many pessimistic. Nothing of the magnitude of the last big prosperity-with-equity tax reform, in 1986, […]
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Insurance News Net (7/22/16) – Millions of Americans expect to live longer but aren’t really prepared to finance their own longevity, according to a new report. The solutions they look to — relying on Social Security and working past the age of 70 as a Plan B — are at best dubious. The misalignment between […]
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New York Times (11/19/15) – New York Times editorial page writer Teresa Tritch supports the Department of Labor’s proposed fiduciary rule. She opposes what she calls an “aggressive threat” to the rule — legislation being crafted by a bipartisan foursome in the House that would pre-empt the rule before it even emerges from the Labor […]
