What No One Is Telling You About Trump’s Corporate Tax Proposal

There's a myth being perpetuated that Trump's tax proposals will be beneficial to US equity holders. Actually, to call it a "myth" isn't entirely fair. What you're hearing about the benefits of lower taxes might be true for IG corporates, but have you considered the effect offsetting proposals that eliminate the tax deductibility of interest will have on highly leveraged firms? If you haven't, you probably should consider some "alternative facts." I'll outline the details in a piece out later