Tuesday, November 29, 2016

Tax Cuts Coming: How Big?

WSJ reported:

“Right now in Washington nobody cares about the debt,” Carlyle Group co-founder David Rubenstein said at the SuperInvestor private equity conference in Amsterdam. “We have $20 trillion of debt and people say, ‘OK, $20 trillion, $22 trillion, $23 trillion—what difference does a couple of trillion make?’”
Mr. Rubenstein said he didn’t share concerns voiced by many since the election that Mr. Trump’s economic policies could fuel inflation. He pointed out that the inflation rate has remained near historic lows for years.

“I don’t expect there will be a lot of constraints on private equity going forward,” Mr. Rubenstein said. “I don’t think it’s going to be adversely affected by President Trump or his administration.”
As I've said before "Politicians Red and Blue love PEU."   The billionaire class loves its representative elect. The tax cuts are coming, the tax cuts are coming.