philibusters
Active Member
So I was disappointed in the Tax Plan. I had eagerly awaited the Wednesday announcement even shifting my TSP money into the C fund earlier in the week figuring the market would go bonkers when he released his plan.
Then the plan came out the S&P 500 lost about 8 points and the media downplayed the tax plan (with good reason). Trump's tax plan consisted of one page of bullets. The tax plan was very similar to the Tax Plan he had during the campaign. For somebody like myself I cannot tell if the tax plan will make me pay more or less taxes. The market also reacted negatively to the release because they realized the announcement was a dog and pony show and that it won't be until July or August that we can the details of the plan that will give people an idea of the future of taxation in the country.
Trump's plan was pretty generous, but it was so generous it cannot possibly pass in its current form, which means some of it will get watered down. However since we don't know what his priorities are because the plan was so basic (a page of bulletpoints), we have no idea what will end up staying or what will get the axe.
It feels Trump released the "plan" simply because he wanted to make good on a campaign process to start tax reform within his first 100 days. And by all means he does intend to follow through with it, but its going to take him longer than he originally thought. Which to me is understandable. But what I don't get is the dog and pony show of Wednesday. I had gotten all excited about the release only to find out we only getting a promo of the tax plan, we have to wait another four or so months to actually find out the details.
Then the plan came out the S&P 500 lost about 8 points and the media downplayed the tax plan (with good reason). Trump's tax plan consisted of one page of bullets. The tax plan was very similar to the Tax Plan he had during the campaign. For somebody like myself I cannot tell if the tax plan will make me pay more or less taxes. The market also reacted negatively to the release because they realized the announcement was a dog and pony show and that it won't be until July or August that we can the details of the plan that will give people an idea of the future of taxation in the country.
Trump's plan was pretty generous, but it was so generous it cannot possibly pass in its current form, which means some of it will get watered down. However since we don't know what his priorities are because the plan was so basic (a page of bulletpoints), we have no idea what will end up staying or what will get the axe.
It feels Trump released the "plan" simply because he wanted to make good on a campaign process to start tax reform within his first 100 days. And by all means he does intend to follow through with it, but its going to take him longer than he originally thought. Which to me is understandable. But what I don't get is the dog and pony show of Wednesday. I had gotten all excited about the release only to find out we only getting a promo of the tax plan, we have to wait another four or so months to actually find out the details.