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“All-In” On Tax Reform

Authored by Lance Roberts via RealInvestmentAdvice.com, Review & Update In last week’s “Technically Speaking” post I discussed the S&P 500 hitting 2700 by Christmas. To wit: “As stated in the title, the current push higher puts 2700 in sight by the time Santa fills the ‘stockings hung by the chimney with care.’   As shown […]


Here Is The Full Text Of The Final Republican Tax Bill

Update: in addition to the previously leaked highlights (see below), Republicans on Friday evening released the final version of their legislation to slash tax rates for corporations and individuals. The 1,097 page document, containing the bill and an explanatory statement, was crafted by the House-Senate conference committee. The bill is expected to come up for […]


Full Tax Bill Highlights Leaked

Here are the full policy highlights of the Republicans' Tax Cuts & Jobs Act… Policy Highlights The Tax Cuts and Jobs Act (H.R. 1) overhauls America’s tax code to deliver historic tax relief for workers, families and job creators, and revitalize our nation’s economy. By lowering taxes across the board, eliminating costly special-interest tax breaks, […]


Stocks Surge To All Time High As Corker Unexpectedly Joins Rubio In Supporting GOP Tax Bill

Update: Just hours after Rubio announced that he would support the reconciled Republican tax plan, Tennessee Sen. Bob Corker – the only Republican who voted against the Senate tax bill – has said he, too, will support the legislation. By supporting the bill, Corker – who has publicly feuded with President Trump, famously comparing the […]


“It’s Done”: Here Is What’s In The Final GOP Tax Bill

Well – for now – that was an anti-climax… *RUBIO IS SAID TO BACK TAX BILL AFTER CHILD CREDIT TWEAKS: CNBC *BRADY SAYS HE HAS ALL SIGNATURES HE NEEDS, "IT'S DONE" But the market seems unimpressed by the 'news'   And even "high tax" names are underperforming…   Here is Bloomberg's breakdown of what we […]


Stocks Surge To All Time High On Conflicting Reports About Rubio’s Support For Tax Bill

Update: minutes after the trial balloon was floated, the initial Fox report has been denied: SEN. RUBIO STILL A `NO’ ON TAX BILL, HASN’T SEEN TEXT YET: AIDE Yet somehow, despite sliding on yesterday’s Rubio news, stocks have refused to react to today’s rejection, and are now trading at all time highs clearly certain that […]


Stocks Jump On Conflicting Reports About Rubio’s Support For Tax Bill

Update: minutes after the trial balloon was floated, the initial Fox report has been denied: SEN. RUBIO STILL A `NO’ ON TAX BILL, HASN’T SEEN TEXT YET: AIDE Yet somehow, despite the fading of the early spike higher, stocks are about still 0.6% higher than where they were on Thursday when the news first broke. […]


Kevin Brady: “House Will Not Accept Total Elimination Of SALT Deduction”

Three days after the Senate Finance Committee shocked many of their colleagues in the House this week by unveiling a tax reform proposal that featured more than a few notable deviations from the House plan, Ways and Means Chairman Kevin Brady told Chris Wallace on “Fox News Sunday” that he would not accept the total […]


Here Is The Full Text And Summary Of The Amended House GOP Tax Bill

While we await the full details of the Senate bill, moments ago the House Ways and Means Committee released the Amended House GOP tax bill, as well as its summary. Here are the key highlights from the Amendment (link), first in principle: Amendment to the Amendment in the Nature of a Substitute to H.R. 1 […]


GOP Tax Plan “Talking Point” Highlights Released

Moments ago, the GOP released the “talking point” highlights of the republican tax plan which, as previewed earlier this morning, will keep the 20% corporate tax cut as permanent, and which allegedly will assure that a family of 4 making $59,000 will get a $1,182 tax cut. As discussed previously, the bill keeps a top […]