And Now For Those Tax Cuts

  • The administration is arguing it’s now focused on tax reform, a major driver of the post-election rally in stocks.
  • It would indeed be beneficial for stocks, but so far we have seen intentions, no concrete proposals let alone bills.
  • And there are significant hurdles to overcome and depending on what’s actually in the bill, its effectiveness could very well disappoint.

Source: And Now For Those Tax Cuts | Seeking Alpha