SPDR S&P 500 (SPY)

[risk on]

I doubt any poli news in this specific vein will stop markets. But , anything that markets perceive as a threat to tax cut bill would. The biggest threat is the mouth himself , as he’s already given away all the ammo needed to offset the reductions in revenue by exclaiming that many of the write offs currently enjoyed will remain. So, where’s the $ gonna come from to offset the cuts to federal revenues ?

Enter the maJical fairy tale of somehow cuts will increase GDP and employment which will somehow increase tax revenues. Only problem is it does not work and has been proven as such multiple times.

So , who in congress will have the stomach to go along a a blatant myth in the face of $4-$6 TRILLION Added to the National Debt , in order to give the lions share of cuts to those who are already in the upper % of the income kingdom? Especially after they have gotten elected on crying foul about the national debt for years now?

That’s gonna be a tuff row to hoe when the CBO score makes it a stark choice between enriching the richest at the cost of grandma’s monthly stipend, or stepping up for the people who really need the relief , the true middle class and seniors , you know , the people who VOTE.

I think the CBO report is gonna send markets apoplectic