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Why The Odds Of Tax Reform By 2018 Just Got Slightly Higher
Friday, March 31, 2017 - 10:22am | 880Amid intra-party chaos surrounding tax proposals, Height Securities analysts posted 85-percent odds of Congress passing a bill prior to 2018 elections — and offered a “sleeper pick” of the modified 2014 tax reform draft at 10 percent odds. “We continue to get the sense in...
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If Trump Plans To Pivot From Healthcare To Tax Reform, He May Want To Tell Congress...
Thursday, March 30, 2017 - 10:49am | 656Following a major defeat on healthcare last week, President Donald Trump initially said the administration now plans to move on from healthcare to address tax reform. However, House Speaker Paul Ryan and even Trump himself have since indicated they will continue to push for a healthcare deal. 'We'...
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Here Are The Likely Options On The Table As Trump Weighs Tax Reform
Wednesday, March 29, 2017 - 3:27pm | 528White House officials are preparing to brief President Donald Trump Thursday on options for comprehensive tax reform, according to a Bloomberg report. As far as is known, the presentation will include House Speaker Paul Ryan’s “Better Way” plan featuring a destination-based cash...
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How Trump's Plan For Taxes And Infrastructure Is Really A Resurrected Obama-Era Concept
Wednesday, March 29, 2017 - 12:29pm | 506Following the failure of the healthcare bill, the Trump administration is planning a bipartisan effort to concurrently drive tax reform and infrastructure spending, Axios reported Monday. While the approach would herald a major shift in White House strategy, it's far from novel — even in...
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GOP Tax Plan Would Sacrifice Long-Term Debt For Quick Gains, Penn Wharton Analysis Shows
Tuesday, March 28, 2017 - 2:12pm | 720Tax overhauls proposed by President Donald Trump and the House GOP leadership will lead to short-term gains but long-term increases in the federal debt, according to the Penn Wharton Budget Model, which crunched the numbers for both plans up until the year 2040. “They are cutting taxes...
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Raymond James' Chief Investment Officer Is Calling An End To The 'Trump Rally'
Monday, March 27, 2017 - 9:36am | 444Jeffrey Saut, Raymond James' chief financial officer, believes the "Trump rally" has come to an end and will be immediately followed by a selloff. Saut explained to CNBC on Friday that stocks will see selling pressure on Monday as a direct result of President Donald Trump and House Speaker Paul...
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Market Shakes As Republicans Accept Defeat On Healthcare Bill
Friday, March 24, 2017 - 4:35pm | 578Acting on orders from President Donald Trump, Speaker of the House Paul Ryan led Republicans to pull the proposed healthcare bill from the House docket Friday. “We just didn’t quite get consensus today,” Ryan said at a press conference. “We came very close, but we could not...
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What Will A Protracted Government Battle Over Healthcare Mean For Tax Reform, Infrastructure?
Monday, March 20, 2017 - 3:55pm | 631Stock market sentiment is in a quandary: Optimism is high because of President Donald Trump’s promise to invest in infrastructure and overhaul the tax code. However, the GOP says those and other policy issues are on hold until Congress deals with the seemingly intractable issue of swapping...
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How The 'Debt Ceiling' Works
Sunday, March 19, 2017 - 2:08pm | 982Making ends meet has become increasingly tough for the United States, and as expenses burgeon, the government has no other recourse but to bank on borrowings to keep the show going. This brings up the question of whether the United States can keep on borrowing to meet the ever-widening budgetary...
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Border Adjustment Tariff Has Trudeau, Ryan At Odds
Tuesday, March 14, 2017 - 3:54pm | 533Canadian Prime Minister Justin Trudeau is facing off against U.S. House Speaker Paul Ryan over a Republican plan to impose higher tariffs on imports, a key part of the GOP’s tax overhaul. At issue is the so-called “border adjustment tariff,” part of a corporate plan that would...
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Stocks To Watch As CBO Expected To Release Score For GOP Healthcare Bill
Monday, March 13, 2017 - 1:41pm | 339The Congressional Budget Office (CBO) is expected to release its score for the controversial new healthcare bill on Monday. The new plan spearheaded by House Speaker Paul Ryan aims at replacing the Affordable Care Act (ACA). The CBO is expected to deliver estimates of both how much the new plan...
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Boeing, Pfizer And Others Band Together To Ask Congress For More Taxes
Tuesday, February 21, 2017 - 2:28pm | 556President Donald Trump has found able allies among the corporate sector for his Border Adjustment Tax. Some blue chip corporations, thriving primarily on domestic business and exports, have banded themselves under the "American Made Coalition" and written to Congress to accelerate the...
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Trump: 'The Shackles Are Off'
Tuesday, October 11, 2016 - 11:15am | 314If Donald Trump is going down in November, it appears as if he is going out in a blaze of glory. After a disastrous weekend in which a 2005 Access Hollywood tape revealed Trump using extremely sexually aggressive language toward women, a number of Republicans have withdrawn support for the...
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On The Day The Taj Mahal Closure Was Announced, Carl Icahn Reiterated Support For Donald Trump
Monday, October 10, 2016 - 4:00pm | 511Following Sunday night’s presidential debate, billionaire Donald Trump supporter Carl Icahn announced that the Trump Taj Mahal in Atlantic City will be closing. Trump built the Taj Mahal in 1990 for $1 billion and called the resort the “eighth wonder of the world.” However, parent...
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Democrats Overtake Senate Floor; Ryan Dismisses Cameras
Wednesday, June 22, 2016 - 3:58pm | 291Rep. John Lewis (D-GA) has overtaken the senate floor Wednesday, protesting for action on gun control policy. Democrats are supporting Lewis, opting to literally sit on the floor to make a statement against the Senate voting down gun control legislation earlier this week. Sen. Chris Murphy (D-CT)...