The US Senate has passed the 2018 budget blueprint which is the foreunner for tax reform. US dollar higher on optimism and that House will be shamed into no further delays. Passes 51-49 vote along party lines.
Tax Reform, Cuts To Be Retroactive – Mnuchin
At all time highs U.S. stock markets have put it all on red on Tax reform with the Trump Adminstration. U.S. Treasury Secretary Mnuchin is out with the spin on the plan and his outlook. Highlights on states, growth and debt follow. The big one, he wants the tax cuts to be retrospective.