HillCo Partners is a Native American-owned firm providing economic updates. HillCo Partners was created to fill the need for an independent, unbiased source of information on the economy from a Native American perspective. Our team of experienced professionals offers insights and perspectives that are unique and valuable. This article will discuss some of the most important economic updates affecting Native Americans today.

The first update is the new tax law. The new tax law, also known as the Tax Cuts and Jobs Act, was passed by Congress in December of 2017. This law includes several provisions that will impact Native Americans, including reducing the corporate tax rate from 35% to 21%. Additionally, the new tax law repeals the individual mandate, which requires all Americans to have health insurance or face a penalty. This repeal will likely result in premium increases for many native Americans who purchase their health insurance.

The second update is the recent government shutdown. The shutdown began on December 22nd, 2018, and lasted until January 25th, 2019. During this time, all non-essential government operations were shut down. This included the Indian Health Service, which provides healthcare to Native Americans. The shutdown caused many disruptions and delays for Native Americans who rely on the IHS for their health care needs.

The third update is the upcoming 2020 census. The census is conducted every ten years and is used to determine how federal funding is distributed. This year’s census will be especially important as it will be used to redraw congressional districts. An accurate count of the Native American population is critical in ensuring that our communities are properly represented in Congress. It also provides data used to determine how federal funding is distributed to states and localities.

The fourth update is the recent trade tensions between the United States and China. The trade war began in 2018 when the Trump administration imposed tariffs on Chinese imports in an effort to reduce the trade deficit with China. These tariffs have led to retaliatory tariffs from China and other countries impacted by the trade war. The result has been higher prices for many goods, including food and consumer products. The trade war has also caused financial markets to become volatile, impacting Native Americans who are invested in stocks and bonds.

These are just a few important economic updates affecting Native Americans today. HillCo Partners is committed to providing unbiased, timely information on these and other issues impacting our community. Visit our website or give us a call to learn more about how we can help you stay informed about the economy and make sound financial decisions for your future.