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Article Index

Two D.C. Developments Look Great for Pot Stocks

By , Defense + Tech Specialist, Money Morning • @Robinson_STI -

Pot stocks

As members of Congress burned the midnight oil to pass a $1.3 trillion budget bill by their March 23 deadline, they attached a recurring "rider" that bans the U.S. Department of Justice from using funds to interfere with medical marijuana in states that have legalized it.

U.S. President Donald Trump went on to sign that $1.3 trillion spending measure, which protects medical marijuana businesses through at least Sept. 30. And this time he didn't include a signing statement reserving his right to ignore that rider, which he did last May.

In other words, we just got another "green light" from Washington.

Now, this isn't exactly a slam dunk for the industry: Some lawmakers wanted to extend these protections to cover recreational marijuana as well, but the U.S. House Rules Committee blocked that effort along a party-line vote on March 21.

Still, these moves by federal lawmakers give you a sense of their seriousness here...

Congress Spent Your Tax Dollars on Sexual Harassment Settlements

By , Associate Editor, Money Morning • @DavidGZeiler -

Your Tax Dollars

Members of Congress accused of sexual harassment have used your tax dollars to pay for settlements to the victims.

And to make matters worse, confidentiality requirements ensured that the Congressmen responsible remained anonymous - and safe from any negative consequences.

But the recent revelations of sexual harassment against high-profile lawmakers like Rep, John Conyers and Sen. Al Franken have uncovered this unseemly practice.

Here's what's been revealed so far...

Why the Latest Tax Reform Plan Is "Fake News"

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

Tax reform

The truth is, the GOP's sweeping plan to overhaul the U.S. tax code - the plan to create jobs and lighten the tax burden on America's wage-earning workers - is insulting.

That's because the justification for the cuts is based on hoary, old, fake tax policy narratives like: "Higher taxes on the rich hurt the economy," and "tax cuts for the rich trickle down," or "U.S. corporate taxes are the highest in the world," and "lowering taxes will bring outsourced jobs back home."

Besides being fake, nothing in any of these narratives addresses the new American economy, where more income is earned by companies and wealthy individuals through capital than through labor.

When you understand that, you'll see why income and wealth gaps are increasing all over the United States.

What's more, you'll see that the real, workable solution is in fact a few simple tax and tax-cutting ideas that actually spread the wealth.

Here's what I mean...

The No. 1 Opponent of Cannabis (and Cannabis Investors) Could Be History

By , Defense + Tech Specialist, Money Morning • @Robinson_STI -

cannabis

Earlier this year, I released my 2017 "pot stock" forecast. You can access it here, but the bottom line is this forecast was as bullish and enthusiastic for cannabis investing as you can get. And recent gains in pot stocks (like those I recommended for my Nova-X Report readers in the Roadmap to Marijuana Millions "basket" of stocks) prove my optimism was well-founded.

Well, we just got the loudest, clearest signal yet of exactly how this is going to go...