20 November 2017
Bassanese Bites: Tax Cut Blues – Week beginning: 20 November 2017
It was another modest “risk off” week for global markets, largely reflecting ongoing concerns with US tax cut plans. While the US House of Representatives and a key Senate committee passed versions of a plan last week, the Senate is still not expected to vote on their version for at least a week – and press reports indicate there’s still a few Republican Senators (enough to kill it) unhappy with the details.
In short: the US tax cut plan is still not a done deal.
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