Well, there’s not a lot going on in the week ahead and by that I mean there’s so much going on that you couldn’t plan for it even if you wanted to.
Category: tax reform
‘Crisis’ Averted.
Now back to your regularly scheduled rally.
Trump Freaks Out, Says Bob Corker ‘Couldn’t Get Elected Dog Catcher’
“Someone missed their shift this morning.”
Sonny Black.
Fuhgeddaboudit.
‘These Folks Are Serious!’ Analysts Imagine A Future Where Tax Reform Is A Real Thing
It’s an all-hands-on-deck blitz(krieg) by the GOP to rally public support for a tax plan
If You’re An Investor, Today Is So Much Bigly-ier Than Yesterday, You Don’t Even Know
See there? That’s the reflation narrative coming back!Â
Senate Passes Budget In Big Win That Sets Stage For Next Big Failure
“This is the biggest hoax cast upon the American people ever that this budget process even exists. The only thing about this that matters is in preparation for tax reform.”
Mnuchin Weaponizes The Stock Market: Pass Trump’s Tax Plan Or The Market Crashes
“But there’s no question in my mind that if we don’t get it done you’re going to see a reversal of a significant amount of these gains.”
Krugman Is Mad: ‘This Is The Most Dishonest Political Selling Job In History’
“But how can an administration that pretends to be populist, to stand up for ordinary (white) working people, sell such elitist policies?”
The Situation Remains Fluid.
If you were looking for clarity on anything, today was most assuredly not your day.
‘I’m Not Gonna Blame Myself’: Trump Launches Into Bizarre, Rambling Defense Of Policy Failures
“We’re not getting the job done. And I’m not going to blame myself. I’ll be honest.”
John Podesta Tears Into Trump On Taxes, Calls Mnuchin A Liar
“At some point, the lies will fall apart and the bill will come due. And Republicans have made clear again and again this year who would pay the price.”
Goldman Reveals The Biggest Risks To Tax Reform As Trump, Corker Feud Escalates
Curb. Your. Enthusiasm.Â
Stick A Fork In It: Trump’s Corker ‘Tantrum’ May Have Deep-Sixed Tax Reform, Analyst Says
“Either Trump realizes that Corker can sink the remainder of the Trump/GOP legislative effort and is upset by that reality, or he didn’t/doesn’t know and just made it a reality.”
Larry Summers Absolutely Eviscerates Trump Tax Plan: ‘This Is An Atrocity’
“It is clear enough, however, to demonstrate that the claims of Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn and Council of Economic Advisers Chair Kevin Hassett are some combination of ignorant, disingenuous and dishonest.”
‘I’m A Billionaire. Please Raise My Taxes.’
“As a billionaire, I would profit substantially from the tax cuts proposed last week by President Trump and the Republican Party. But I am strongly opposed to even one more penny in cuts for rich people and corporations.”
Goldman Puts A Number On It: Here’s How Much The S&P Rises If Tax Reform Gets Done
“These estimates contain considerable uncertainty.”
‘Your Guess Is As Good As Mine’: One Trader Tells You How Friday Is Going To Go
“Still, like it or not, traders will scream about, and trade on, misses or beats of statistically meaningless amounts to a number whose meaning will only be really known in hindsight.”
The Poison Pill: ‘Trump May Have To Resort To Shutting Down The Government’
“We struggle to understand the positive market reception to the unveiling of the detailed tax reform proposal last week. In our view, the plan, which is not even close to meeting the Byrd test, has little chance of becoming a reality.”
‘Believe Me’: Trump Would Save $1 Billion Under His Tax Plan
“President Trump could cut his tax bills by more than $1.1 billion, including saving tens of millions of dollars in a single year, under his proposed tax changes.”
Back By Popular Demand: Screwing You On Tax Reform
“More tax cuts for very rich people are back without popular demand—and it remains a terrible idea.”
False Start.
15 yards…
‘There’s An Old Saying In Texas’…
“There’s an oft-quoted cliche that the definition of insanity is trying the same thing over and over expecting a different result.”
Bloomberg On Trump’s Tax Plan: You Can’t Even Call This A Good Start
“With the release of their new “framework” for tax reform, President Donald Trump and congressional Republicans have once again succeeded in avoiding an actual plan.”
3 Reasons Goldman Thinks ‘Trump Trade’ Part Deux Is For Real
Hooray! The “Trump trade” is back! Not really. I mean, it is. I guess. Assuming
‘Middle Class Must Mean Trump Tower’: Dems Blast Tax Plan, Wall Street Luke Warm
“If the Republican blueprint for tax reform is about middle class, then Trump Tower is middle-class housing.”
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