Proposed Tax Reforms Face Enormous Headwinds

Dr. Lacy Hunt and Van Hoisington of Hoisington Investment Management produce a must-read quarterly letter I’ve featured multiple times in my weekly newsletter, Outside the Box (subscribe here for free). This piece on tax reform is one of the most important pieces they’ve written in a long time. Lacy and Van establish that proposed tax reforms will face enormous headwinds that were not there during previous tax-reform eras. This means that the benefits that Republicans think will accrue are likely to take longer to appear… and be less than expected. And that means it will take more than what is proposed right now to jump-start the economy.
The Market Oracle

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