US: A stealth Border Tax? - ING
While the economic implications of the House GOP tax plan will be thrashed out this week, the main question investors should be asking themselves is whether the Tax Cuts and Jobs Act (TCJA) stands a chance of making it through Congress, according to Viraj Patel, Research Analyst at ING.
“With not enough revenue-raising measures to offset large tax cuts geared towards helping Corporate America, there's enough for both the GOP fiscal hawks and conservatives to push back on. Chances of US tax reforms happening still remain low at best.”