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Zero Hedge — “Credit Negative For U.S. Government”: Moody’s Threatens Downgrade If Trump Tax Plan Is Passed

Summary:
Moody's goes all proactive. As various institutions continue to publish very detailed estimates of how Trump's tax plan will impact the federal budget, which is somewhat amazing since income brackets haven't even been assigned yet, Moody's published a note today threatening to finally strip the U.S. of its AAA credit rating if the tax plan is ultimately passed as currently contemplated.... The deficit would be too big. Gotta cut some welfare.Zero Hedge"Credit Negative For U.S. Government": Moody's Threatens Downgrade If Trump Tax Plan Is Passed Tyler Durden

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Moody's goes all proactive.
As various institutions continue to publish very detailed estimates of how Trump's tax plan will impact the federal budget, which is somewhat amazing since income brackets haven't even been assigned yet, Moody's published a note today threatening to finally strip the U.S. of its AAA credit rating if the tax plan is ultimately passed as currently contemplated....
The deficit would be too big. Gotta cut some welfare.

Zero Hedge
"Credit Negative For U.S. Government": Moody's Threatens Downgrade If Trump Tax Plan Is Passed

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.

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