Host Dace Blaskovitz welcomes Katie Tabling, Editor of the Delaware Business Times, to discuss a week of dramatic reversals in the First State's business landscape.

• The Incyte Withdrawal: In a massive blow to downtown Wilmington, biopharma giant Incyte has scrapped plans to move its headquarters into the historic Bracebridge campus. Tabling explains the shift from bringing 800 high-paying jobs to the city to now leasing only 15% of the intended space. She explores the "Why," highlighting a change in CEO leadership and the broader economic climate.

• Data Center Denial: A deep dive into DNREC's unprecedented denial of the Delaware City Data Center. Tabling discusses Secretary Greg Patterson's scathing letter regarding the environmental risks of 516 diesel generators and the stability of the regional energy grid.

• Tourism & Industrial Growth: Updates on the $10 million Sports Tourism Fund—including a windfall for Dover Motor Speedway—and the rapid expansion of industrial parks in Kent and Sussex Counties led by Ocean Crest Properties.

Corporate governance guru Charles Elson returns for a high-stakes analysis of the Delaware Supreme Court's pending decision on SB21.

• A Judicial Pivot Point: Elson describes the upcoming ruling as one of the most seminal moments in Delaware legal history. At stake is whether the court will reassert its independence or allow the legislature to overrule decades of judicial precedent.

• The "Race to the Bottom": Elson warns that by tilting the legal balance toward management and controlling shareholders, Delaware risks losing its status as a neutral arbiter, potentially inviting a federal takeover of corporate regulation.

• The "Delaware Way" Solution: Elson argues that the Supreme Court should toss SB21 on constitutional grounds, forcing all parties back to the table to reach a legitimate compromise rather than a "crammed-through" legislative fix.

Host Dace Blaskovitz kicks off the month with local CPA Bill Kaine (Dingwall and Kaine) to discuss Governor Meyer's aggressive new tax proposals.

• Targeting the "Elite": Kaine breaks down the proposed new tax brackets for those earning over $125k, $250k, and $500k. He questions the fairness of penalizing high earners—including entry-level state police and hardworking professionals—warning that "spending, spending, spending" remains the state's true hurdle.

• The Decoupling Debate: Kaine offers a scathing review of Delaware's decision to "decouple" from federal bonus depreciation and R&D rules. He argues this short-term revenue grab ignores the long-term benefits of business investment and immediate expensing.

• Introducing "Trump Accounts": A deep dive into the new federal child savings mechanism. Kaine explains the $1,000 government "seed" money, the $5,000 annual contribution limits, and the July 4th, 2026, launch date. He also covers the unique tax-free withdrawal rules for education, first-time homes, and starting a business.

Award-winning economist Robert Fry returns to analyze the global headline: the nomination of Kevin Warsh as the next Federal Reserve Chair.

• The Lawyer vs. The Economist: While Fry preferred an economist for the role, he offers a surprisingly optimistic take on Warsh. He defines the "Warsh Doctrine" as one that favors fighting inflation over quantitative easing (QE).

• The "Main Street" Interest Gap: Fry challenges the traditional economic view of rate cuts, arguing that low interest rates actually punish savers and risk-averse seniors, potentially slowing the economy by forcing people to save more and spend less.

• A Fed Shakeup: Fry predicts Warsh will overhaul the Fed's "groupthink," moving away from simplistic Phillips Curve models and toward a more nuanced understanding of productivity and digital currency.

• Labor Market Warning: Fry details a significant weakening in January employment data, including a massive surge in layoffs and the lowest job opening numbers since 2020.

Host Dace Blaskovitz welcomes retired tax attorney Bill Martin to break down the massive federal tax legislation known as the "Big Beautiful Bill" (BBB). Martin explains why this was a "game changer" by making 2016 tax rates permanent and preventing a looming 2026 tax hike.

• The Social Security Reality: Martin clarifies the new "Senior Deduction"—a $6,000 to $12,000 credit that helps shield Social Security from federal taxes for many, though it isn't a total exemption.

• The Delaware Trap: A critical warning for First State residents: because Delaware's tax calculation starts at federal AGI, new deductions for seniors, overtime, and tips may not flow through to your state return, potentially leaving you with a state tax bill on that income.

• The SALT Cap Surge: Good news for itemizers as the state and local tax (SALT) deduction cap jumps from $10,000 to $40,000, providing major relief for Delaware property owners.

• Schedule 1A: The must-file form Martin says you cannot miss if you want to claim retroactive 2025 deductions.

Business attorney Bill Dolan returns with a "shocking" update on Delaware's housing market.

• Second in the Nation: Following up on last month's data, Dolan reveals Delaware finished 2025 with the second-highest foreclosure rate in the U.S. He explains the "red lights blinking" in the state's economy as we return to a more aggressive pre-pandemic norm.

• Affordability Posturing: Dolan analyzes the President's executive order restricting institutional home buyers, arguing it's "window dressing" that won't move the needle outside of a few concentrated Southern markets.

• LLC Mastery: Tips from his "Esquire Advice" YouTube channel on maximizing liability protections and the complexities of the Series LLC for real estate investors.

Iconic journalist and historian John Sweeney closes the show with a provocative look at the upcoming 250th anniversary of the Declaration of Independence.

• The Tourism Deficit: While Philadelphia expects a $1 billion windfall, Sweeney discusses Delaware's perceived "reluctance" to celebrate, partly due to modern conflicts over slavery and the treatment of Native Americans.

• Honoring John Dickinson: Sweeney champions the legacy of John Dickinson, the "Father of the Revolution" who freed his slaves and defined American liberty. He invites listeners to a wreath-laying ceremony on February 21st at 1 p.m. at the Wilmington Friends Meeting House.

• The Fighting Blue Hens: A tribute to the Delaware Continentals, the brave regiment that fought in nearly every major battle of the Revolution until their ranks were decimated.