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Stocks Sink As Tax-Reform-Deal Anxiety Rises

Stocks Sink As Tax-Reform-Deal Anxiety Rises

With McCain in hospital and now Lee and Rubio questioning the child-care credit, markets are showing some anxiety about just how "done deal" this deal really is...

  • GOP SENATOR LEE UNDECIDED WHETHER TO SUPPORT TAX BILL; SEEKS CHANGES TO CHILD TAX CREDIT - AIDE: RTRS
  • LEE AND REPUBLICAN SENATOR RUBIO WANT TO MAKE MORE OF CHILD TAX CREDIT REFUNDABLE-AIDE

The reaction is clear...

 

And the High Tax companies are continuing to see profit-taking...

Here Is What Is In The Republicans' Final Tax Bill

On Wednesday, Congress Republicans were said to reach a deal on final tax legislation, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. While the formal language of the legislation has not been released, the following are the known provisions on which House of Representatives and Senate tax writers have agreed, based on Reuters reporting.

Here is a full summary of what we know as of this moment is in the Republicans' final tax bill:

BUSINESSES

Will Your Taxes Go Up? Find Out With These 8 Scenarios

Will Your Taxes Go Up? Find Out With These 8 Scenarios

With Republicans having inexplicably sacrificed a crucial Senate seat last night by choosing to support a candidate accused of multiple counts of pedophilia, it's unclear whether tax reform is even a remote possibility at this point.  Certainly, the challenge of forming a consensus among the GOP was difficult enough when they held a 2-seat advantage in the Senate so we can only assume it will be next to impossible now that that lead has been cut in half. 

EU Could Scrap "Divisive & Ineffective" Refugee Quota Scheme

EU Could Scrap "Divisive & Ineffective" Refugee Quota Scheme

The Guardian reports that EU could scrap a divisive scheme that compels member states to accept quotas of refugees, one of the bloc’s most senior leaders will say this week.

The president of the European council, Donald Tusk, will tell EU leaders at a summit on Thursday that mandatory quotas have been divisive and ineffective, in a clear sign that he is ready to abandon the policy that has created bitter splits across the continent.

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