Politics

Via The Daily Bell

 

Top Republicans Propose Carbon Tax Plan To Stop Climate Change ... There’s a new climate change prevention plan in town, and unbelievably, it’s coming from some rather senior Republicans, the de facto party of science denial. Two former Secretaries of State – James Baker III and George Shultz – along with former Treasury Secretary Henry Paulson Jr., met with Vice President Mike Pence, Trump’s son-in-law Jared Kushner, Ivanka Trump and Gary Cohn, director of the National Economic Council this week in Washington D.C. -IFL Science

The US national debt has been reduced by a staggering 12 billion dollars during President Trump’s first month in office. Inheriting a national debt of $19,947 billion – an enormous figure that was thought irreversible and had been blowing out by billions every day Obama was in office – President Trump immediately got to work and began turning the situation around. On February 21st, just month later, the US debt load stood at $19,935 billion – a reduction of $12 billion, and the first time in decades a President has turned the debt clock backwards.

Construction, engineering and materials stocks are underperforming the market on sudden concerns that in addition to tax reform and Obamacare repeal, another core aspect of Trump's fiscal stimulus, Infrastructure spending, may be delayed by at least two years.

The arrival of Mike Flynn's replacement, Gen. H.R. McMaster as Trump's new national security advisor could mean sweeping changes of the White House foreign policy team, giving him control of Homeland Security and guarantee full access to the military and intelligence agencies. In a report by the NYT, Mr. McMaster is said to be weighing changes to an organization chart that generated consternation when it was issued last month.

Concerns about Trump's tax cut plan - arguably the biggest catalyst behind the market's daily record highs - are mounting.

Yesterday, when discussing the rising opposition to a simple "repeal and replace" of Obamacare, Goldman Sachs explained that any turbulence in resolving the Obamacare problem would spillover into other domestic policy targets, most notably tax reform, to wit: