29 Sep 2017
Taxing times for the USA - ANZ
Analysts at ANZ noted the difficulties ahead for US Congress.
Key Quotes:
"Trump’s tax plan is out but is lacking details, so markets do not have a lot to go on.
But the key question is how do you fund an additional $1.5 trillion over a decade without materially increasing the deficit and national debt? That alone sets up a huge battle in Congress."