27 March 2017

Bassanese Bites: Taxing Times – Week beginning: 27 March 2017

The key development last week was US President Trump’s failure to get his health care changes through Congress.  The US S&P 500 slumped 1.4% on Tuesday, and meandered at these lower levels for the rest of the week.  Trump has signalled he’s given up trying to make changes in this area for the foreseeable future, arguing he’ll simply let “Obamacare” implode on its own.  Instead, Trump has set his sights on what the market really cares about – tax cuts!

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