Mr Cooper Group Inc (COOP)

[Equality23]

Tax reform/cuts need house and senate approval. Moreover, passing the senate would require 60 votes (all 52 republicans + 8 democrats). The only other option would be reconciliation, which requires a simple majority and the plan to be budget deficit neutral. Seems highly unlikely a 35% to 15% corporate tax rate cut would meet the criteria....any magical GDP growth likely wont offset the $5+ trillion projected revenue decrease over 10 yrs. Also, any plan passed via reconciliation expires after 10 yrs.

That being said, corporate tax rates could be in the 25-30% range when all is said and done. Much better for us than a worst case 15% scenario, which appears to be mostly priced in right now.

Was going to post a WSJ article, but to avoid a paywall see:
https://www.washingtonpost.com/business/economy/trump-to-unveil-proposal-for-massive-tax-cut/2017/04/26/2097fe42-2a94-11e7-be51-b3fc6ff7faee_story.html

If anyone has good sources for odds on the current "plan" passing, I'd like to see them. I can't imagine it's over 20-25%.