Michael Townsend, Managing Director, Legislative and Regulatory Affairs, Charles Schwab & Co., Inc.

Something More with Chris Boyd · Aug 9, 2021 · 51m

Chris' guest is Michael Townsend, Managing Director of Legislative and Regulatory Affairs at Charles Schwab. They discuss what's happening in Washington and how it affects investors.

Things to look out for are:

The Debt Ceiling – The US is currently at the debt ceiling so Congress will either need to raise it or suspend it for a given period of time.

Taxes – The increase in corporate taxes and individual top income tax rate are likely to pass. Less likely to pass are the capital gains taxed as ordinary income for filers with over $1M adjusted gross income and step-up in basis for inherited…