While you were sleeping: Concern about Trump's tax plans

Wed, 26 Apr 2017

By Margreet Dietz April 27 (BusinessDesk) - Wall Street gave up some of its earlier gains after the US administration’s unveiling of tax cut plans fell short on details. Investors also questioned that the proposal was feasible. “The plan that has been announced today is very aggressive, and unlikely to pass as is,” Alan Gayle, a senior strategist at RidgeWorth Investments in Atlanta, told Bloomberg. “I haven’t heard of anyone on the street that has been adjusting earnings estimates based on the likelihood we’ll get tax reform. This r...

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