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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

The Gang Of Six Deal Is Now The Gang Of 50 Or More Deal

Jul 19, 2011| 

This morning, a bipartisan group of 50 or more senators endorsed a revived version of the “Gang of Six” plan. The Atlanta Constitution’s Jamie... Read »

Revenue Raisers That Aren’t Tax Increases

Jul 6, 2011| 

If we could just come up with $400 billion of revenue increases that Grover Nordquist wouldn’t classify as a tax increase, a debt limit deal could be cut within... Read »

Brady Budget Bill Has Some Good Features

Jun 24, 2011| 

Wednesday, Rep. Kevin Brady (R-TX) announced his Maximizing America’s Prosperity (MAP) Act, H.R.2319, at the American Enterprise Institute. It has several... Read »

$106 Billion Of Improper Refundable Tax Credit Payments!!!

May 24, 2011| 

That’s a lot of money even in Washington. At 10:30 a.m. tomorrow, the House Ways and Means Oversight Subcommittee will hear from IRS, Treasury, and GAO witnesses.... Read »

Mark Zandi’s “Reasons for Optimism and Caution” On The Economy

May 12, 2011| 

Moody’s Analytics Chief Economist Mark Zandi offered four reasons for optimism on the economy and three for “nervousness” at lunch today before... Read »

What Will Speaker Boehner Say to Wall Street Monday?

May 7, 2011| 

House Speaker John Boehner (R-OH) will address the Economic Club of New York over dinner next Monday. His remarks come at a crucial time as world money managers... Read »

Why Didn’t The Market React To The Near Shutdown?

Apr 10, 2011| 

Those of you who follow the market closely noticed it didn’t react to last week’s government shutdown soap opera. Take a look at this S&P500 chart.... Read »

CBO Budget Baseline Will Compete With Other Baselines

Mar 18, 2011| 

Visitors to House and Senate Budget Committee mark-ups are often surprised by how debates over baselines consume more time than debates over ... Read »

What Budget Deal?

Mar 10, 2011| 

This morning, some top Wall Street investors called around to check on whether a big budget deal might emerge from the “Gang of Six” talks after the... Read »

Debt Limit, Or Is It?

Feb 22, 2011| 

This afternoon, the Government Accountability Office issued a detailed report of what happened when the debt limit was not increased in time to avoid Treasury market... Read »

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