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Why Wall Street Is Furious At The Trump Tax Plan

Back in October 2016, the “millionaire, billionaire, private jet owners” of America’s elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a ‘patriotic duty’.  Unfortunately, now that Trump has given them exactly what they apparently […]


Why A Scathing Wall Street Is Furious At The Trump Tax Plan

Back in October 2016, the “millionaire, billionaire, private jet owners” of America’s elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a ‘patriotic duty’.  Unfortunately, now that Trump has given them exactly what they apparently […]


New York City Developers Are Relying On A Shrinking Pool Of Buyers

Most of New York City’s largest developers are probably optimistic about the near future now that one of their own is occupying the most powerful office in the world. Bu, this very specific group of taxpayers stands to benefit immensely from several of the provisions that have appeared in the Senate or House plans: Repealing […]


Republican Leaders Consider 22% Corporate Rate: WaPo

With Republican leaders still frantically scrambling to find last-minute fixes in their tax-reform plan that will help win over moderate Republicans and deficit hawks who could create problems during the reconciliation process, the Washington Post is reporting that Republican leaders are considering a deal to roll back the corporate rate to 22%. Rumors that Republicans […]


Could Trump’s Tax Bill Trigger A Mass Exodus From Manhattan? Goldman Seems To Think So…

New York’s billionaire hedge fund managers have blazed the trail south in recent years with the likes of David Tepper, Paul Tudor Jones and Eddie Lampert all ditching the Empire State for Florida…a state which brings not only pristine beaches and year-round golf weather but also the added benefit of a 0% personal income tax […]


Another Delay: Senate Won’t Release Tax Bill On Thursday As Mnuchin Admits Corp Tax Cut Delay Likely

Yesterday, the dollar slumped and yields dropped after a WaPo report claimed that the corporate tax cut could – the core piece of GOP tax reform – would be delayed by up to a year, a clear indication that there may be irreconcilable differences in the Senate regarding tax reform. Then, moments ago, Axios confirmed […]


Stocks, Bond Yields Tumble On Disappointing ‘Gradual’ Tax Cut Headlines

Having continued Friday's melt-up as soon as US equity markets opened this morning, headlines from Washington that the corporate tax cuts may be enacted "gradually" reaching 20% in 2022. As Bloomberg reports, House tax writers are discussing a gradual phase-in for the corporate tax-rate cut that President Donald Trump and Republican leaders want — a […]


Gary Cohn Says Cutting SALT Deduction Will Be A Part Of Republican Tax Reform Plan

In the latest sign that the Trump administration is standing by one of the most controversial elements of its tax-reform program over the vociferous objections of blue-state Republicans in the House and Senate, Gary Cohn reportedly played down the impact of eliminating the deduction for state and local taxes – known as the SALT deduction […]


Mnuchin: “Extraordinary” If Tax Reform Gets Done This Year; “No Question” Market Drops If Bill Fails

Barely a day after Gary Cohn told an audience at the annual meeting of the American Bankers Association that Congress has a “unique opportunity” to pass tax reform by the end of the year, Treasury Secretary Steven Mnuchin – who shares responsibility for the administration’s tax agenda alongside Cohn – acknowledged the truth about Trump’s […]


“It Won’t Pass” – Larry Fink, Warren Buffett Blast Trump’s Tax Reform Plan

In the week that’s passed since the White House unveiled its tax-reform plan, Republicans and Democrats have expressed their reservations about the proposal, particularly after an analysis from the non-partisan Tax Policy Center suggested that taxes would rise over the coming ten years for most members of the middle class if the proposal were passed […]


Is Option Exuberance Signaling The End Of The Russell 2000 Rampage?

On August 18th (shortly after The FOMC dropped its July meeting minutes), 'investors' suddenly decided – after the breaking of a key technical support level – that panic-buying US Small Cap stocks was the next great rotation. Since then, the Russell 2000 has soared 12% almost without a pause… As the index has exploded higher, […]


What Could Possibly Go Wrong With Tax Reform? The Answer, According To Goldman, Is “Plenty”

One of the reason why the torrid dollar rally of the past few weeks appears to have plateaued, at least for the time being, is that just like earlier in the year, doubts have emerged about the viability of the “new and improved” tax plan, which according to the Tax Policy Center would mostly benefit […]


Here Is The Trump Tax Plan

Update 1:  To our complete ‘shock’, Democrats have already taken to the media to bash Trump’s tax proposal as a “windfall for the weathly” even though the plan explicitly contemplates a new top end personal tax bracket to “ensure that the reformed tax code is at least as progressive as the existing tax code and […]


Here Is The Leaked Trump Tax Plan

This afternoon, during a speech in Indianapolis, President Trump was expected to reveal, for the first time, the details of the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. But in a political era where every little thing is leaked to the media, we no longer have to wait […]


All You Need To Know About Trump Tax Reform: Goldman Explains

This afternoon, during a speech in Indianapolis, President Trump will unveil the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. As has been leaked previously, the tax plan is anticipated to disclose a 35% individual tax rate (although Congress may push it higher), a tax rate on corporations and […]