Confused About Trump’s Tax Plan? Goldman Has Your Back With A Handy Q&A
Were you left with more questions than answers on Wednesday after Gary Cohn and Steve Mnuchin "unveiled" the broad strokes for Trump's "massive," "phenomenal," "super-bigly," tax plan?
Yes? Well that's ok, because so was everyone.
And indeed the reaction in Treasury yields and the dollar told you pretty much all you needed to know about the extent to which this, like almost all of Trump's promises, is short on details and long only on superlatives.
Observers, analysts, and the punditry were
No one is confused. It is not a plan. It is a statement of their philosophy.