Pete Davis advises Wall Street money managers on Washington policy developments that affect the financial markets. President of his own consulting firm, Davis Capital Investment Ideas, since 1992, Davis draws on 11 years of experience as a prominent Capitol Hill economist with the Joint Committee on Taxation (1974-81), the Senate Budget Committee (1981-83) and Senator Robert C. Byrd (1992). He worked in the House and the Senate, and for Republicans and Democrats. He introduced the first computer policy model, the Treasury Individual Income Tax Model, to Capitol Hill in early 1974. Combining his economic and public policy expertise, Davis 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. In 1981, he joined the Senate Budget Committee as Senior Economist for Tax Policy where he advised Chairman Pete V. Domenici and Committee Members on tax legislation, including the Reagan tax cuts and the 1983 Social Security amendments. He left Capitol Hill in 1983 for the Washington Research Office of Prudential Bache Securities, where he advised investors for seven years.
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