It seems the more turmoil and dysfunction there is in Washington, the higher odds Wall Street gives tax legislation.
Last week may have been one of the worst of the Trump presidency with President Donald Trump coming under a firestorm of criticism for his reaction to the deadly protest in Charlottesville, Virginia and many highly respected officials resigning or being asked to leave the White House.
Out of the chaos has come a view about what might get done in Washington this year — and that’s corporate and individual tax legislation, according to notes from multiple Wall Street strategists.
A tax code overhaul was a cornerstone of Trump’s policy agenda, and a number of analysts say it may be the one thing that Republicans are able to get done, as they head into the 2018 elections. Read more at CNBC.