Online:
Visits:
Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Stocks Jump As Trump Promises Plan For “Biggest Tax Cut Ever” Next Week (Again)

Friday, April 21, 2017 12:17
% of readers think this story is Fact. Add your two cents.

(Before It's News)

It’s deja vu all over again…

  • *TRUMP SAYS HE WILL UNVEIL TAX PLAN NEXT WK: AP
  • *TRUMP SAYS PLAN TO INCLUDE `MASSIVE’ CUT FOR COS., INDIVIDUALS

And the machines fell for it…

As AP reports, President Donald Trump says businesses and individuals will receive a “massive tax cut” under a tax reform package he plans to unveil next week.

In an interview with The Associated Press, Trump says the plan will result in tax cuts for both individuals and businesses. He would not provide details of the plan, saying only that the tax cuts will be “bigger I believe than any tax cut ever.”

[which will be impressive compared to Reagan's 35ppt cut…]

The president says the package will be released on “Wednesday or shortly thereafter” — just before his 100 day mark in office.

Treasury Secretary Steven Mnuchin initially set a goal of getting tax reform passed by August, but that deadline has slipped. Mnuchin now says the administration still hoped to get a bill passed well before the end of the year.

The dollar and bond yields are moving higher also…



Source: http://silveristhenew.com/2017/04/21/stocks-jump-as-trump-promises-plan-for-biggest-tax-cut-ever-next-week-again/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.