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Category Archives: tax reform

Who Do They Work For? New York Governor Andrew Cuomo Is SUING Trump Over Tax CUTS For Americans Yet Plans To Give More Free Stuff To Illegal Immigrants

On Friday morning, New York Governor Andrew Cuomo announced his states plan, along with New Jersey and Connecticut, to sue the federal government over the recent Trump tax cuts and the supposed economic hardship inflicted by them on blue states throughout the country. “The states appear to be taking aim at a provision that limits residents’ state […]

WalMart Raises Starting Wage To $11, Provides One-Time Bonus Following Trump Tax Reform

This report was originally published by Tyler Durden at Zero Hedge Add Wal-Mart to the growing list of companies boosting employee compensation in the aftermath of the passage of Trump’s tax reform. In a just released press release, Wal-Mart Stores announced it is boosting its starting hourly wage to $11, expanding maternity and parental leave […]

Psychic Makes 2018 Predictions: ‘North Korea Will Succeed In Sending A Missile’

Self-described psychic Susan Rowlen released a video detailing her predictions for the coming year. One of her most alarming predictions is that she says North Korea will succeed in sending a missile to the US at some point in the coming year. But don’t fret just yet. Within the first 30 seconds of Rowlen’s video, she admits […]

3 (Mis)Statements About Tax Reform / by Lance Roberts via / Dec 21, 2017 3:10 PM With the passage of the Tax Cut And Jobs Act on Wednesday, I wanted to address a few of the questions and misinformation currently circulating about the impact of tax cuts on the U.S. economy. Over the last couple of months, I have been […]

Key Events In The Last Week Before Christmas / by Tyler Durden / Dec 18, 2017 9:09 AM It might be the last full week before Christmas – with both newsflow and trading volumes set to slide substantially – but there’s still a few interesting events and data releases to look forward to next week. Among the relatively sparse data releases schedule, we get US […]

Treasury Forecasts Tax Reform Will Lead To Longest Period Without Recession In History / by Tyler Durden / Dec 11, 2017 12:05 PM One week ago, in its latest assessment of the current state of tax reform in the aftermath of the Senate’s passage of the tax bill, Goldman analysts calculated that while growth impact from tax reform had increased fractionally to around 0.3% in 2018 and 2019 “reflecting the slightly larger amount of […]

Is Tax “Reform” Good for the US Dollar? How About Gold? / by Mike Mish Shedlock / December 3, 2017 Let’s investigate what happened after the last 3 major tax reforms. Another “reform” is on deck. I picked up this idea from Holger Zschaepitz, @Schuldensuehner, who made the following Tweet, posting a chart from Bloomberg. In the following chart, I add a key piece of legislation that someone […]

Small Caps Are Now More Expensive Than At The Peak Of The Tech Bubble / by Tyler Durden / Dec 5, 2017 12:21 PM Everyone knows that tech stocks are – or at least until investors realized that tax reform is a fiasco for the tech sector, were – the darlings of the market, resulting in the biggest concentration of hedge fund holders with a record number of HFs holding the 5 FAANG stocks; at […]

Is Tax Reform A Done Deal? This Is What Wall Street Thinks / by Tyler Durden / Nov 30, 2017 12:17 PM Following the backing of Sen. John McCain on the GOP tax reform bill, markets have surged to new all time highs as tax-sensitive banks lead the way, with Bloomberg reporting that odds for the tax bill’s passage may increase to “near-certainty” if the Senate can finish its version […]

John McCain Holds The Keys To Tax Reform’s Fate / by Tyler Durden / Nov 29, 2017 1:34 PM Anybody who was watching the July Senate floor vote on the Republicans’ bill to repeal and replace Obamacare will remember the audible gasps that John McCain elicited when he surprised his own party by voting against the plan. And now just four months later, he’s gearing up […]