Tuesday , November 5 2024
Home / Mike Norman Economics / Zero Hedge — After “Surreal” Feud Between Trump And Corker, “Tax Reform Is Dead. Full Stop”: Cowen

Zero Hedge — After “Surreal” Feud Between Trump And Corker, “Tax Reform Is Dead. Full Stop”: Cowen

Summary:
Passing FY 2018 Senate budget has "some eerie parallels" to health care, as no Democrats will vote for the budget; Sen. Rand Paul is expected to vote no because it doesn’t cut spending fast enough; Sen. John McCain also sounds like a no as it doesn’t repeal sequester, which disproportionately hits the Pentagon. That means GOP can only afford one more defection, with Corker, a deficit hawk, engaging in "one of the more surreal public correspondence exchanges in recent memory" days after saying Secretary of State Rex Tillerson, Defense Secretary Jim Mattis and White House Chief of Staff John Kelly help keep U.S. from chaos.... … if indeed Trump tax reform is dead - again - a sharp market turnaround may be imminent. Zero Hedge After "Surreal" Feud Between Trump And Corker, "Tax Reform Is

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Stephanie Kelton — The Democrats’ Options for Repealing the Trump Tax Cut

Mike Norman writes Noel Randewich — S&P 500 Companies Return Trillion To Shareholders In Tax-Cut Surge

Mike Norman writes David F. Ruccio — Buyback this!

Mike Norman writes Simon Wren-Lewis — Do Trump’s deficits matter?

Passing FY 2018 Senate budget has "some eerie parallels" to health care, as no Democrats will vote for the budget; Sen. Rand Paul is expected to vote no because it doesn’t cut spending fast enough; Sen. John McCain also sounds like a no as it doesn’t repeal sequester, which disproportionately hits the Pentagon.
That means GOP can only afford one more defection, with Corker, a deficit hawk, engaging in "one of the more surreal public correspondence exchanges in recent memory" days after saying Secretary of State Rex Tillerson, Defense Secretary Jim Mattis and White House Chief of Staff John Kelly help keep U.S. from chaos....
… if indeed Trump tax reform is dead - again - a sharp market turnaround may be imminent.
Zero Hedge
After "Surreal" Feud Between Trump And Corker, "Tax Reform Is Dead. Full Stop": Cowen
Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *