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Archive for June, 2018

For the past decade I’ve lived in Colorado, home to 14,000 foot summits, the 2016 Super Bowl champions, and lots and lots of legal weed. Now, we can debate whether legalized medicinal and recreational marijuana is healthy for an individual, profitable for a government, or morally palatable to a society, but what is not up for debate is this: the widespread availability of legal weed has given rise to a marked increase in amusing anecdotes.

Case in point: last week my friend and I went out for what was intended to be a moderate mountain bike ride. As tends to happen, however, two hours quickly turned to three, and then four, and before we knew it, we had been pedaling for nearly five hours. This was problematic for two reasons: first, we had only brought enough food for half that duration, and second, my buddy was in danger of missing the start of his son’s baseball game.

At long last, we returned to the trailhead, where my famished friend, before even changing out of his bib shorts or mounting his bike upon its rack, began tearing through his car for any morsel of food. He quickly grew frustrated, because on this day he had borrowed his wife’s car, so his usual supply of energy bars was nowhere to be found.

Finally, he opened the center console, and pulled out a sandwich bag filled with chocolate squares. One…two…three were popped into his mouth and swallowed, and as he went back for round two, I saw his face change. For it was at that moment that he realized that these were not ordinary chocolates, but rather his wife’s supply of “emergency” edibles in the event she felt overly stressed at work.

Needless to say, that was the most fascinating Little League game he ever sat through. 

Continue reading on, Forbes.com

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

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Less than five months ago, Republican leaders put the finishing touches on the Tax Cuts and Jobs Act, the most comprehensive overhaul of the tax law in 31 years. The legislation bestowed nearly $1.5 trillion in tax cuts upon corporations, small business owners, and workers over the next decade, and represents what is, to date, the signature victory of President Trump’s administration.

With mid-term elections just around the corner and rumblings of a potential “blue wave” growing louder, however, Republicans aren’t resting on their laurels. Just last week, Kevin Brady, Chairman of the House Ways and Means Committee, told reporters that the House is itching to have a go at “Tax Reform Phase 2,” with the aim of making the recently-enacted individual tax cuts permanent and the tax law, as a whole, more “family friendly.”

Wait…I’m an individual! I’m part of a family! This sounds wonderful!

Well, I’m not getting particularly excited about Brady’s promise, and neither should you, because unfortunately, it is nothing more than political posturing. Neither Brady nor anyone else in Congress, for that matter, really believes it will happen. Why not?

Continue reading on, Forbes.com

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

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