Odds and Ends 

Formerly Jailed Ex-NBA Star Jayson Williams Gives Support to Ex-NYC Jail Union Boss at Retrial

Former New Jersey Nets player and ex-convict Jayson Williams gave moral support to former jail guard union boss Norman Seabrook on Thursday at his retrial for an alleged kickback he received for putting union cash into a hedge fund without authorization. Hes like family to me, Williams told the New York Daily News. Seabrook is accused of accepting a $60,000 payment for making a $20 million union investment into a shady hedge fund. Williams and Seabrook have reportedly known each other for over a decade, with Seabrook helping out with…

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Headlines 

Ray Dalio Says End of the SALT Deduction Will Further Divide the Nation

Billionaire legislation. The Senate bill mirrors the House legislation by calling for the repeal of state and local tax deductions, while allowing up to $10,000 for property tax deductions. According to a study by the Tax Policy Center, 7 percent of taxpayers would pay more tax in 2019, 10 percent in 2025, and 48 percent in 2027, compared to current law. On average in 2027, taxes would change little for lower- and middle-income groups and decrease for higher-income groups. Tax Revenues On its face, ending so-called Read more about the…

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One Tax Loophole Untouched So Far: The Trump Golf-Course Break

Republican lawmakers pushing to close dozens of tax loopholes have left open one that’s been good to President the outline for a sweeping tax rewrite on Thursday, a lucrative break for golf-course owners — including the president — remains firmly in place in the House version of the measure. The Obama administration estimated in 2014 that closing the controversial loophole would save more than $600 million over a decade. While Republicans are eliminating many write-offs, the House version of the bill allows golf-course owners to claim deductions for promising never to…

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