Replies to post #243497 on SPDR S&P 500 (SPY)

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Re tax reform; the proposal for budget was merely a blue print to show how they intend to free up $ for tax cuts. The masses will start to realize that the lions share of this freed up of $ cut from the budget will actually go to the richest 5% through the repeal of estate taxes and reduction of corporate tax rates, and the national debt will still be increased by nearly $2T as a result of these tax cuts. Couple these inconvenient truths with the fact that the very same lawmakers who railed against the national debt in the most vociferous of terms just a year ago, will be the ones now acting as if there is no debt issue with their potential “yes” vote , and they are in the demographic to benefit the most from these proposed tax cuts, I think the packaging of this pig in a poke will start to fray quickly. The portion of these cuts that will actually go to the middle class will start to look more like “beads for manhattan”.