May 5, 2021
This is a recess week in Washington – at least for the Senate – so I took the time to reflect rather than report in Heard on the Hill about President Joe Biden and Senator Tim Scott. The President gave his State of the Union message last week and Senator Scott gave the Republican response; two very different speeches by two very different individuals. Congressman Erik Paulsen wrote an article on the President’s estate tax proposal and the impact it will have on family businesses, ranches, and farms.
Total Spectrum Senior Partner John McKechnie has been working in and with the financial services sector for over 30 years. He has written an update on pending activity in the Senate and House Financial Services Committees. Ramona Lessen provides briefs on two House hearings held this week, one on lowering the cost of prescription drugs and another on climate and energy research at the Department of Energy.