Market Insight by Nicolas Roth - US tax reform: last attempt to score a success before year end?

With the reform of the healthcare bill back in a box and the rollback of Dodd-Frank relatively muted since May, the reform agenda of President Trump starts to look grim. From hopes over so-called Trumponomics to pure and simple disappointment, it appears that the US Administration has been dealing mostly with internal issues, turnover of key staff as well as the continued ranting against mainstream media - and walked away from actually working on the programme of the President. Going into the last leg of the year, the House and Senate are pushing forward to have a tax bill written with House Speaker Paul Ryan, Secretary Treasury Mnuchin and Special Advisor Gary Cohn leading the charge. The key question is if the current chaotic atmosphere in DC will allow the President to score a balanced tax reform before year end? 


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