FSR survey finds tax reform a priority | GOP leader: Tax reform vote will go down to the wire | Dimon: Corporate tax reform benefits workers
October 12, 2017
Financial Services Roundtable SmartBrief
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FSR survey finds tax reform a priority
Almost three-quarters of voters polled by Morning Consult in a survey for FSR said a tax code overhaul should be a priority for Congress. Nearly 90% said making the code simpler is important.
ABA Banking Journal online (10/11) 
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Iowa is a high-talent, low cost location
A high concentration of educated professionals and a low-cost environment are two reasons why Chief Executive said Iowa is one of the best places for financial services companies to do business. Simply put, Iowa is where smart money lives. Find out more.
Industry Watch
GOP leader: Tax reform vote will go down to the wire
Rep. Patrick McHenry, R-N.C., the House GOP chief deputy whip, said at an event organized by FSR that he expects work on tax reform to go down to the wire, culminating in a vote on Christmas Eve. McHenry, who emphasized the need for reform, asked the audience of Washington policy leaders and industry advocates to judge the GOP's proposal by its sum, not its individual parts.
The Hill (10/11) 
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Dimon: Corporate tax reform benefits workers
Dimon: Corporate tax reform benefits workers
Dimon (Kimberly White/Getty Images)
America needs tax reform that will boost economic growth, jobs and wages while helping US businesses remain competitive in a global marketplace, writes Jamie Dimon, chairman and CEO of JPMorgan Chase and chairman of Business Roundtable. While lower- and middle-income workers should receive tax relief, lower corporate tax rates will also benefit them through increased wages, he says.
NBC News (10/12) 
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Trump repeats threat to pull US out of NAFTA
Trump repeats threat to pull US out of NAFTA
Trump (Chip Somodevilla/Getty Images)
Just as a new round of talks on the renegotiation of the North American Free Trade Agreement was getting underway, President Donald Trump repeated his warning that the US will withdraw from the agreement if it can't get the changes it needs. He said that if a deal can't be reached, the US could negotiate separate trade agreements with Canada and Mexico.
The Hill (10/11),  National Post (Canada)/The Canadian Press (10/12) 
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Wells Fargo updating ATMs to allow withdrawals with mobile wallet
Wells Fargo updating ATMs to allow withdrawals with mobile wallet
(Justin Sullivan/Getty Images)
Wells Fargo said it plans to upgrade its 13,000 ATMs over the next two years to allow customers to use mobile wallets to withdraw money. The bank began allowing cardless transactions through its mobile app in March.
American Banker online (free content) (10/10) 
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Survey: Most millennials don't have an adviser, but many want one
About 77% of millennials don't have an adviser, largely because they are uncomfortable about approaching a financial professional for help, a survey from Wells Fargo found. At the same time, 39% say they want an adviser.
PlanAdviser online (10/11) 
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Survey: Student-loan repayment tops list of millennials' desired benefits
A survey of millennials showed student-loan repayment to be a more desirable employee benefit than a 401(k) program or health insurance. Eighty-five percent of those surveyed said they would choose one job offer over another if the employer contributed to their student-loan payments.
CNBC (10/10) 
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5 Cures for Business Growing Pains
A growing business is a successful business, but it comes with its own set of complications. Growing pains can arise from new employees, added roles and responsibilities, and a premium on office space. Read this informative e-book for five practical tips to managing your growing office space.
The Latest from Capitol Hill
FSR supports expected nominee to Labor Dept. post
President Donald Trump is expected to nominate Preston Rutledge, a senior aide to the Senate Finance Committee, to lead the Labor Department's Employee Benefits Security Administration. Jill Hoffman, FSR's vice president of government affairs for investment management, said Rutledge "is one of the most knowledgeable people I know in town when it comes to employee benefits policy."
InvestmentNews (tiered subscription model) (10/11),  BenefitsPro (10/11) 
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Technology in the Financial Industry
Finance, technology march in lockstep
The close ties between technology and finance can be traced back to the first part of the 20th century and the use of the telegraph. Since that time, automated teller machines, electronic stock markets, online banking and now blockchain have all had a deep impact on finance.
Bloomberg Professional Services (10/11) 
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Economic Report
Dec. rate bump almost guaranteed, Fed minutes show
An interest-rate increase in December has strong support among the members of the Federal Open Market Committee, minutes from its September meeting show. Officials said they were confident the economy is growing steadily, despite the slow rise of inflation.
CNBC (10/11) 
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Courage is the price that life exacts for granting peace.
Amelia Earhart,
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