Dr. Paul Mason, associate professor of accounting and Plumhoff Endowed Chair in accounting, has taught federal taxation courses at Baylor for 12 years and said that after reading the Wall Street article, much of the confusion surrounding the IRS policies stem from the construct of the COVID-19-era declarations.
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With endless blocks of skyscrapers, millions of fast-shuffling feet and only a tiny presence of Baylor alumni, it’s easy for the Bears of New York’s finance scene to feel as out of place as the 1600-mile distance from Waco would suggest. But there’s a world out there where Baylor’s footprint in the Big Apple is just as sizable as the dominant ones in Dallas and Houston.
“Generally, tariffs are considered to be negative for economic well-being,” Davidson said. “So initially, stock markets around the world sank following the imposition of the Liberation Day tariffs. However, since then, the U.S. stock market has rebounded dramatically.”
The U.S. stock market just got a Texas-sized addition. The Texas Stock Exchange received approval from the United States Securities and Exchange Commission to launch a new stock exchange, with TXSE set to begin trading stocks by early 2026.
