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Markets Say Trump's Tax Reform Needs Some Love

Source: foxbusiness.com - Jan 31, 2017

Is the Trump Rally officially over? Not by a long shot, traders and investors say, unless the President continues to waffle on the very platforms that triggered the market rally in the first place: His plans to cut taxes and reduce regulatory burdens.

President Trump hasn’t disavowed his plans to reduce the corporate tax rate to 15%-20% from its current level of 35% (among the highest in the world). Nor has he walked back his plans to reduce individual tax rates as part of a broader tax reform effort.

In recent days the new President even emphatically pledged to slash 75% of all regulations during his term.

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Category: General Business