December 18

The good, bad and most indefensible parts of the tax overhaul

By David Nelson, CFA

Late Friday we got the final details on the $1.5 Trillion GOP tax overhaul. Last minute endorsements from Senators Marco Rubio & Bob Corker pushed the bill a step closer to a vote and the President’s desk. Like everything in Washington the passions on both sides of the debate are intense. Some like Senate minority leader Chuck Schumer says the GOP “will rue the day they pass this.” On the other side Representative Kevin Brady says; “we’re on the one yard line and intend to punch it in….”

I’m going to take a walk through the highlights admittedly through the lens of an investment strategist and on the line portfolio manager. Here’s my take and IMHO what’s good, bad and ugly. Click here for full Yahoo Finance Story