Goldman Sachs: Corporate Tax-Reform Looking ‘Less Likely’

Goldman Sachs isn’t holding out much hope for President Donald Trump’s much-touted and long-promised corporate-tax reform.

“We continue to believe a tax cut is slightly more likely than not, but our conviction is low, as there has been little progress to date,” Goldman analyst Alex Phillips wrote in a note, the New York post reported.

“If tangible progress has not been made by October, after these fiscal deadlines have passed, tax legislation will start to look less likely, in our view.”

http://nypost.com/2017/08/18/goldman-sachs-says-chances-of-corporate-tax-reform-not-good/

https://www.bloomberg.com/news/articles/2017-08-17/trump-s-pro-business-image-tarnished-as-ceos-abandon-president

(Newsmax wires services contributed to this report).

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