Capitalizations Index – B ∞/21M
Plan B
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gainspainscapital.com / Graham Summers / April 18, 2017
The market is finally waking up to what we’ve been telling our clients since February…
That Trump’s economic proposals, particularly his tax reform plan, would not be hitting in 2017.
This is not a political statement… the reality is that the math is not there… and the swamp makes reform slow-going…
If you don’t believe us, here’s Trump’s Treasury Secretary confirming it.
Treasury Secretary Steven Mnuchin said in a published Monday with the Financial Times that enacting tax reform legislation by August is “highly aggressive to not realistic at this point.”
The comments contrast with remarks Mnuchin made in March, when he said his goal would be to have a tax bill “signed” by August…
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