Sep 16, 2017
Trump turnaround makes tax cuts much more likely. 10 weeks. Ryan shifts on revenue neutrality. Mnuchin holding ground on 3% & 15%. Last chance for GOP healthcare reform. Till Sept 30. Ron Johnson bullish. Where is Senate on budget res & reconciliation instructions? Not even Krugman likes Bernie Sanders' single-payer Medicare health. Employer coverage, tax hikes. Milton Friedman: "If you think healthcare is expensive now, wait till you get it for free." Trump's new world: Kelly (Rob Porter) control info. Bi-partisan on immigration & other deals. Positive media coverage. Trump favors optics & positive impressions, not details. Tax the rich. Middle class. Dreamers. But where is Trump tax details? Filling courts w/ conservatives. Fred Barnes & Nick Johnston Axios. Financial markets. Tax cuts haven't seeped in yet. Draft legislation sooner. Buy stocks, sell bonds, buy dollar, sell gold. Profits are mother's milk of stocks. Inflation tax cut. Kotok & Kruszewski. Fed meeting next week: balance sheet, rates, inflation. Is there an immigration deal? Wall? Green cards? 11 million? Students? Sanctuary cities? Deport criminals? Catch & deport? Mark Krikorian & Tamar Jacoby. What does amnesty mean? Money & Politics: Trump turnaround & taxes? Chuck & Nancy? Trump as independent? Ryan turnaround? 3% & 15%? WH & rich people? Bannon bashes Trump on immigration? Single-payer Medicare? Krugman? Moore, Pethokoukis, McIntyre.