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Trump’s coming tax plan: When might it impact markets?

Trump’s coming tax plan: When might it impact markets?

This week U.S. President Donald Trump announced that his administration expected to present a new tax plan to the American people in a couple of weeks. That raises two questions: What’s in it? And when might it be enacted?

On this week’s recap, Chief Investment Strategist Erik Ristuben was joined by Rob Cittadini, regional director, consultant relations, where Ristuben noted that if Trump delivers real corporate tax reform, we should see a positive effect on U.S. earnings. “The problem with it,” said Ristuben, “is that the actual tax reform isn’t two weeks away. Maybe the foundations or the blueprint of a plan is two weeks away.” The projection by Russell Investments strategists is that we won’t see anything substantive on this until the fourth quarter of this year and its real impact might not hit markets until 2018.


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