Legislators are already moving to permanently extend some provisions that have consensus support as good tax policy, and this sets up a longer-term debate about tax reform in the next Congress.Congress will return from the Thanksgiving holiday 1 December for its lame-duck session that concludes 11 December when the House is planning to adjourn. There is a great deal to do in terms of budgeting and fiscal policy during that short time with the latter mainly related to the tax extender package. There are 55 tax provisions that expired at the end of 2013.Congress did not pass a tax extender package last year, but the tax writing committees – House Ways and Means and Senate Finance – started working on it back in May, which was known as the Exp...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.