Political Capital

Finance

New York Gov. Andrew M. Cuomo

Photograph by Spencer Platt/Getty Images

New York Gov. Andrew M. Cuomo

Cuomo: Closed-Door Budget Talks Transparent, Really

Classic New York budget negotiations go like this: the governor and the leaders of the two legislative houses stake out disparate positions publicly. For the next two weeks, the three privately meet in the governor’s office. The meetings rarely appear...

Read more »

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Camp’s Bank Tax Drawing Party Fire

– written with Cheyenne Hopkins When Republican Rep. Dave Camp proposed a version of President Barack Obama’s bank tax, he irritated more than just the handful of companies that would be on the hook for $86.4 billion over the next...

Read more »

A testing pool at the General Electric Co. manufacturing plant in Montrose, U.K.

Photograph by Simon Dawson/Bloomberg

A testing pool at the General Electric Co. manufacturing plant in Montrose, U.K.

Bloomberg by the Numbers: $1.95 Trillion

The biggest U.S.-based companies have accumulated $1.95 trillion in offshore profits after adding $206 billion to those stockpiles last year. The multinational companies have an incentive to park profits overseas because federal lawmakers haven’t decided how those funds should be...

Read more »

Elon Musk, co-founder and chief executive officer of Tesla Motors Inc. and Space Exploration Technologies Corp. (SpaceX), left, arrives to testify at a Senate Appropriations subcommittee hearing in Washington, D.C., on March 5, 2014.

Photograph by Pete Marovich/Bloomberg

Elon Musk, co-founder and chief executive officer of Tesla Motors Inc. and Space Exploration Technologies Corp. (SpaceX), left, arrives to testify at a Senate Appropriations subcommittee hearing in Washington, D.C., on March 5, 2014.

Elon Musk Sets Sights on Mars

The Red Planet is in Elon Musk’s sights. “After Apollo, we were supposed to go to Mars? What happened,” asked Musk, the Tesla Motors chief executive officer and chairman of Space Exploration Technologies Corp. Musk spoke in an interview after...

Read more »

Tim Draper, managing partner of Draper Fisher Jurvetson, in Los Angeles.

Photograph by Armando Arorizo/Bloomberg

Tim Draper, managing partner of Draper Fisher Jurvetson, in Los Angeles.

Silicon Valley Not Only a State of Mind – State of its Own, per Draper

Silicon Valley is known for innovation, for thinking outside the box. It brought us the iPhone. But will it give us six new states? Menlo Park venture capitalist Tim Draper — whose firm bet early on Hotmail, Skype, Tesla, and...

Read more »

People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Photograph by John Moore/Getty Images

People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Income Taxes May Mean Economy Hasn’t Taken Much of a Weather Hit

The weather has helped produce some pretty weak readings of economic activity — that much even Federal Reserve Chair Janet Yellen has admitted. Federal tax receipts, however, are showing a picture of stronger growth. Income and payroll tax collection data...

Read more »

Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Blackstone, Other Private Equities Face Corporate Tax Rates in Reform

Blackstone Group, KKR & Co. and other publicly traded private equity firms would be forced to go private or pay the corporate income tax under a plan from the top Republican tax writer in Congress. The proposal from Rep. Dave...

Read more »

U.S. Rep. Peter Welch (D-VT) (3rd L), Rep. Chris Gibson (R-NY) (L), Rep. Rick Nolan (D-MN) (R) and Rep. Walter Jones (R-NC) (2nd L) prior to a news conference on Syria on June 27, 2013 on Capitol Hill.

Photograph by Alex Wong/Getty Images

U.S. Rep. Peter Welch (D-VT) (3rd L), Rep. Chris Gibson (R-NY) (L), Rep. Rick Nolan (D-MN) (R) and Rep. Walter Jones (R-NC) (2nd L) prior to a news conference on Syria on June 27, 2013 on Capitol Hill.

Primaries Deciding Races in Republican-Drawn Districts

Demographic shifts and the configuration of congressional districts have helped limit the number of politically competitive districts in the Nov. 4 elections. Many of these districts are so one-sided that victory in the party primary is tantamount to a general...

Read more »

The Bank of America Corp. branch in Charlotte, North Carolina.

Photograph by Davis Turner/Bloomberg

The Bank of America Corp. branch in Charlotte, North Carolina.

Bloomberg by the Numbers: $86.4 Billion

That’s how much could be raised over 10 years by a tax on banks and insurance companies that House Ways and Means Chairman Dave Camp plans to propose today as part of a federal tax code overhaul. The biggest U.S....

Read more »

Flower bouquets for delivery in the flower district in New York City.

Photograph by Spencer Platt/Getty Images

Flower bouquets for delivery in the flower district in New York City.

SEC Valentine’s Day: Hold the Flowers

There is still time to send Valentine’s flowers to your favorite officials at the Securities and Exchange Commission. And thanks to some quick action by the agency’s employees’ union, recipients might actually get them. In what even the regulator’s management...

Read more »