Now displaying: November, 2017
Nov 25, 2017
Art Laffer's outlook for taxes, Fed, rates, econ, stocks. Steve Moore on Soros' $18b tax dodge. Tax bill update: key points:corp rate & implementation/retroactive; small biz pass-through treatment/Johnson; ACA mandate repeal; SALT; corp interest deduction; back-door capital gains hike. Alabama certifies Dec 26. Much to be grateful on economy; cap-ex rising; share buybacks falling; 3.4% RGDP. Proper poll weighting R's & D's show different results, esp. taxes. Bruce Bartlett : "The Truth Matters"---- killing fake news. Stocks soaring. Fed rate hike Dec;what about 2018? Kill off tax cuts w/ Phillips Curve? Black Friday? Consumers decent shape, what about retail stocks? Trump effect?
Nov 18, 2017
GOP momentum for tax cuts. Ain't perfect, but biz side pro-growth. POTUS wants 35% top rate. Sen Ron Johnson wants bigger tax cut for small biz. Will O-Care mandate repeal work? Tax the rich so boring & stupid. Oren Hatch cleaned Sherrod Brown's clock. Schumer playing Salt. Good polling shows people want tax cuts. Wilbur Ross & NAFTA time-bomb. Roy Moore could be a problem. Jones ahead. 1 week to swear in. Dec 12 election. Do stock funds have to sell old stuff first? 2-week stock drop, but no recession in sight. God, Faith & Reason by Michael Savage.
Nov 11, 2017
Pro-growth tax bill is on the way before year. Tax Foundation details of Senate bill. House has much bigger tax cuts first couple of years--Dan Clifton. Why not 3% growth? Nuclear option for Byrd rule. Why CBO always wrong. Why tax cuts are really fair---- Larry Kotlicoff. Get rid of corp tax altogether. All out war: Plot to destroy Trump. Ed Klein. Trump's Pacific Trade Tear. GOP retirements threaten House majority. Dump Roy Moore? Tied w/ Dem opponent. Senate campaign pulling money. He dated teen aged girls. Donna Brazile blows whistle on Dem Party corruption. Stocks down first time in many weeks. Buy the dip.
Nov 4, 2017
GOP House tax bill. Good on biz, not good on individual side. But enough for 3% + growth. Corp tax cuts will pay for themselves and then some. Minimal tax on US & foreign profits? Back door BAT? Hidden tax hike on rich? Pass-Through confusion. Maybe a B+ total grade. Must ignore JTC & CBO estimates. Productivity from capital formation is everything for growth & wages. Trump: tax cut passage gives GOP strong economic narrative Nov 2018. Andrew Jackson wins Battle of New Orleans & saves America. Brian Kilmeade new book. Jay Powell is weak Fed head appointment. Phillips curve. Won't rock boat w/ reforms. Trump tax cuts v. Fed wage inflation fears. Shouldn't Hillary get busted for DNC & uranium sale? End diversity lottery now. Jobs decent. Econ rising. No recession. Profits up. Stocks melt-up? Dem budget & taxes insanity. All tax the rich & single-payer health system.
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