US's Mnuchin: Tax details will be released later today

Munchkin out with some comments

Before I grab the blathering, the important info is that this great tax declaration is due out later at around 17.30 GMT 

• Will cut business taxes to 15% (pretty much confirming what we"ve already heard)


• Tax reform is a major priority for the administration


• This will be the biggest tax cut reform in US"s history


• People who can"t afford it won"t be paying taxes


• Hopes Democrats won"t stand in the way of this tax reform (We love a hope trade don"t we?)


• Goal is to make tax plan permanent


• 
  

Off goes the dollar as USDJPY blows to 111.69

House speaker Ryan also up

• Trump"s tax plan is 80% in agreement with the proposal he put forward


• Saw a preview of tax plan and likes it a lot

The market is buying into the promise of good things to come later.      

US"s Mnuchin: Tax details will be released later today
US"s Mnuchin: Tax details will be released later today
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