Trump's Tax Reform Will Not Be A Lightning Victory

If President Trump and his administration are looking for a quick win, don’t count on the tax reform issue as being where that easy win can be found, a Deutsche Bank report says. What is being described as “simplification” will be anything but simple – and the US Federal Reserve will keep a close eye on the administration if there is an attempt to generate a quick win that includes populist fiscal stimulus measures.

There is a conventional tax reform effort and a quick fix

When NEC Director Gary Cohn and Treasury Secretary Steven Mnuchin met with Donald Trump last Thursday to outline tax reform options, they were tip-toeing through a...