Silver For The People

Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters

Donate Bitcoin

17E4x7cWzLxKkUsa25tPMuZzTB7BKZPA9o

Donate Via Paypal

Disclaimer

ALL CONTENT ON 'SILVER FOR THE PEOPLE' AS WELL AS THE 'BROTHERJOHNF' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'SILVER FOR THE PEOPLE' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.

Donate Via Paypal

Revolver Maps

US Tax Efforts Still Moving Forward

marctomarket.com / by Marc Chandler / July 17, 2017

The health care reform efforts have disappointed.  The House version has been all but forgotten about as the focus has shifted to the Senate.  The challenge in the House has been repeated in the Senate, namely that the differences between different parts of the coalition embodied in the Republican Party are preventing theemergence of a working majority.
The strategy for addressing tax reform is considerably different.  It appears the negotiations are being hammered out by a special committee of six men.  From the House of Representatives, Speaker Ryan and Chair of the Ways and Means Committee Brady are joined by McConnell the Majority leader from the Senate and Hatch, the Chair of the Finance Committee.  Representing the Trump Administration is Treasury Secretary Mnuchin and Chair of the National Economic Council Cohn.
In late April Mnuchin and Cohn provided a brief overview in a one-page summary of the Administration’s main points.  These were aspirational goals and negotiating points rather than a developed proposal.  Mnuchin pushed against the Border Adjustment Tax (BAT).  It is not thought to be workable in the Senate.  Nevertheless, Ryan and Brady do not appear to have given up on it, though have modified and allowed for a phasing in on the tax on all imports and a tax break for exports.
With the talks confined to the six officials, word on developments has been minimal.  Judging from various press reports, there appears to have been an attempt to remind investors that progress is indeed being made.  A more cynical assessment might see the purpose as partly a distraction from the health care morass and other less flattering news developments.

READ MORE

Comments are closed.