US Freedom Capital Blog

New tax law already benefiting Texas businesses, residents

Posted by USFC Team on Mar 4, 2018 9:13:31 PM

By US Senator John Cornyn

No one likes paying taxes, but everyone appreciates paying less of them. That’s true of families as well as employers. Sending less money to Uncle Sam means there’s more cash in the wallet to save, invest or pay off a debt.

In December, Congress passed, and the president signed, the Tax Cuts and Jobs Act, the first major overhaul of our nation’s tax code in more than 30 years. In Texas, I’m proud to say that the initial effects were immediate. They were significant. And they’ve started to make life easier for Texans who are financially strapped.

Thanks to a new, more competitive tax system, Fort Worth-based companies such as American Airlines paid large bonuses to employees. AT&T, also headquartered in the DFW Metroplex, paid $1,000 to more than 200,000 men and women across the country. Just as important, it also announced $1 billion in capital investments, which should create more than 7,000 new jobs.

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What country has most powerful passport?

Posted by USFC Team on Feb 6, 2018 8:00:00 AM

A European country has the luxury of having the most powerful passport in the world, and its citizens are able to visit 177 countries without a visa.

This passport belongs to Germany, which ranked first in the 2018 World Passport Ranking recently released by Henley & Partners, a global citizenship and residence advisory company.

Second on the list is Singapore, whose citizens can travel to 176 countries without travel visas.

Several other countries came in third place: Denmark, Finland, France, Italy, Japan, Norway, Sweden and the United Kingdom.

Citizens of those nations have novisa entries to 175 countries.

Fourth (with 174 visa-free countries) are Austria, Belgium, Luxembourg, the Netherlands, Luxembourg, the Netherlands, Spain and Switzerland.

The United States shares the fifth place ranking alongside Portugal, South Korea and Ireland, with access to 173 countries.

In Latin America, the best passport is from Chile (161 countries), followed by Argentina and Brazil (158 countries), Mexico (144 countries) and Uruguay (139 countries).

Paraguay and Venezuela share the 34th place in the ranking, with entry to 130 countries.

Meanwhile, Panamanians can get into 129 countries without visas, Guatemalans can visit 123, Peruvians 120 countries and Colombians are welcome into 112 countries.

A sampling of the ranking

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Topics: USA, Passport

New tax law makes Dallas even stronger draw

Posted by USFC Team on Feb 4, 2018 11:54:54 AM

The rich will get richer, thanks to the new tax law, and Texas will become an even better destination.
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Topics: California, Taxes, Dallas, New York

EB-5 Program Extended to Feb 8

Posted by USFC Team on Jan 23, 2018 6:48:44 AM

By a vote of 266-150 on Jan. 22 , the House passed the Senate amendment, extending Continuing Appropriations for government services and programs to Feb. 8. The extension includes immigration programs such as EB-5, Conrad 30, E-Verify, and Religious Workers. 

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Topics: EB-5

Trump Tax Plan to Benefit Multifamily Residential

Posted by USFC Team on Jan 17, 2018 9:07:18 AM

While the GOP’s recent tax overhaul is widely seen as a gift for the commercial real estate industry, it could chip away at the notion that homeownership is the foundation of the American dream, especially in costly coastal markets.

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Topics: Taxes, Apartments, Trump

Dallas-Fort Worth Leads the U.S. in Job growth

Posted by David Gunderson on Jan 12, 2018 1:16:41 PM

Dallas Federal Reserve Bank says Texas should add 366,000 in 2018 if oil prices hold up
Dallas-Fort Worth’s job base grew the fastest among the nation’s dozen biggest metro areas last year, the Bureau of Labor Statistics reported Thursday. For the year ending with November, the D-FW metro area added 100,400 jobs — a 2.8 percent increase. That was the largest increase by both percentage and sheer number. Employment grew 2.2 percent in Boston and Phoenix and 2.1 percent in Atlanta during the same period.

Much of D-FW’s growth was in professional and business services, which added 31,100 positions. That’s no surprise as regional leaders work to recruit corporate headquarters that employ thousands of highly paid workers in sprawling new developments anchored by offices.

In particular, financial services companies have expanded their head counts in areas where living costs are cheaper than in the coastal cities where those firms often have their headquarters. Charles Schwab, for instance, is expected to have 2,600 workers at its campus in Westlake that’s under construction.

According to a Bureau of Labor Statistics news release, leisure and hospitality added the second-most jobs in D-FW during that year, 18,100 — a sign that the restaurants and bars that serve all those new office workers are expanding quickly to keep up.

Now, economists say, the biggest challenge in many fast-growing cities is to find enough workers to fill those jobs as baby boomers age out of the workforce and immigration slows. At the national and state levels, unemployment has been at record lows.

Still, the Federal Reserve Bank of Dallas predicted that Texas, whose growth has has been powered in large part by D-FW in recent years, will continue to add jobs at top speed in 2018.

As long as oil prices stay above $40 per barrel, a Dallas Fed economist said, the state is likely to expand employment 3 percent this year, adding about 366,000 jobs.

Elsewhere, health services was a major source of job gains. The category added the most jobs of any industry sector in eight metro areas, including Boston, Los Angeles, Miami and New York.
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Topics: Oil, Dallas, economy, federal reserve

Recent Value of the Indian Rupee

Posted by USFC Team on Dec 22, 2017 4:55:00 PM

The Indian rupee has remained stable over the course of several years, primarily due to norms put in place by the RBI. However, the volatility of the rupee’s movement is seen clustered around the global crisis period of 2008 and then again during the eventual slowing down of the Indian market economy due to QE programs abroad. The tight regulatory framework of the RBI is what constrained the rupee against the dollar amidst this volatility. Traditionally, the movement was kept by the reserve bank such that it remained within a window where exports became competitive. In contrast, the strength of the rupee today is a result of a strong inflow of capital traded that the rupee is facing due to artificially low interest rates across the globe and excess liquidity.

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Topics: India, Rupee

The Effect of PSU Bank Recapitalization on The Economy of India

Posted by David Gunderson on Dec 18, 2017 7:44:00 AM

India’s banks have long been suffering from a massive pile up of non-performing assets on their balance sheets. This puts a strong drag on credit growth, which is exacerbated due to the recent sluggishness in the economy because of demonetization, aggregate liquidity, and demand shock. After a three-year record low of 5.7%, the Union Government decided to issue a massive credit infusion into the economy – a move that would help put India’s banks on the path to recovery.

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Topics: India, Banking, Regulation


Posted by USFC Team on Dec 12, 2017 10:31:47 AM

In remarks before the IIUSA Industry Forum held this week, U.S. Department of State Immigrant Visa Control and Reporting Division Chief Charlie Oppenheim made a surprising prediction following a surge in EB-5 immigrant visa demand from Vietnamese investors this new fiscal year.

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Topics: EB-5, Vietnam, Visa, Retrogression


Posted by USFC Team on Dec 8, 2017 1:14:08 PM

December 7, 2017

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Topics: EB-5

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