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Pete Davis

Affiliation: Davis Capital Investment Ideas

Pete Davis advises Wall Street money managers on Washington policy developments that affect the financial markets. President of his own consulting firm since 1992, Davis Capital Investment Ideas, he draws on 11 years of experience as a Capitol Hill economist with the Joint Committee on Taxation (1974-1981), the Senate Budget Committee (1981-1983), and Senator Robert C. Byrd (1992). He worked in the House and Senate, and for Republicans and Democrats.

Davis brought the first computer policy model, the Treasury Individual Income Tax Model, to Capitol Hill in early 1974, when he became a revenue estimator on the Joint Committee on Taxation. He formulated the 1975 rebate, the earned income tax credit, the 1976 estate tax rates, the 1978 marginal tax rates, and the Roth-Kemp tax cut. He left Capitol Hill in 1983 for the Washington Research Office of Prudential-Bache Securities, where he advised investors for seven years.

Davis has long written a newsletter on the Washington-Wall Street connection for his clients; Capital Gains and Games is his first foray into the blogosphere.

Visit: Capital Gains and Games




Pete Davis's Latest Articles | 99

Paying for the Payroll Tax Cut

Dec 11, 2011| 

Late next week, Congress will extend the present law 2% payroll tax cut for another year. This is a good way to sustain our fragile economic recovery. The additional... Read »

IMF Funding Under Attack, But It’s Safe for Now

Dec 5, 2011| 

Friday’s Hill article that Senator Tom Coburn (R-OK) was planning an amendment to direct the U.S. to vote against any IMF bailouts became a hot topic of conversation... Read »

More Time Won’t Produce A Super Committee Deal

Nov 22, 2011| 

I had a report yesterday that a high Treasury official recently told some foreign central bankers not to worry and that the Super Committee could still reach a deal... Read »

Senator Toomey’s Tax Reform Plan

Nov 16, 2011| 

Yesterday morning, House Speaker John Boehner (R-OH) was asked by a reporter: QUESTION: Do you, yourself, support the Toomey proposal? And what do you say to consider... Read »

China Currency Head Fake

Oct 3, 2011| 

Just after 5:30 p.m. today, the Senate will invoke cloture on the China currency bill, S.1619.  Passage by late Wednesday is assured. The bill imposes tougher reporting... Read »

Immigration Is The Solution

Sep 22, 2011| 

One of my favorite Wall Street economists called me up after the close today (after the market plunged in disappointment over the Fed’s $400 billion “twist.”),... Read »

Tax Reform Magic?

Sep 18, 2011| 

Hardly a day goes by lately without a trumpet call for tax reform. Hurray! We desperately need tax reform. The Tax Code is a mess. I’m all for reform, but... Read »

More Hope for Homeowners?

Aug 25, 2011| 

This morning’s front page New York Times article follows two days of Wall Street buzz that another Administration housing refinance program will be forthcoming... Read »

Balanced Budget Amendments Are No Magic Bullet

Jul 23, 2011| 

Some of us are old enough to have grown up watching The Lone Ranger. When Tonto handed The Lone Ranger the silver bullet, you knew he would shoot the gun out of... Read »

“Spending-Like Tax Preferences” Were 4% of GDP In 2007

Jul 22, 2011| 

That’s a lot of spending through the Tax Code as described by Urban-Brookings Tax Policy Center Director Donald Marron at lunch today before the National Economists... Read »

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