February 20, 2023 – Chris Hennessey at Putnam Advisory Group joins Financial Sense's Jim Puplava to discuss the outlook for rising corporate and individual taxes in the years ahead given the Congressional Budget Office's projections on debt and spending. Chris believes part of the inevitable 'fix' by Congress will be to raise taxes, especially on corporations and high-income earners, and the 2-3 year time window for many tax planning strategies to be implemented. Chris and Jim also talk about the move by companies from S-Corp to C-Corp, which may get stuck in a trap if not done correctly, likely changes and compromises ahead of the 2024 presidential elections, and much, much more.
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