AUTHOR: TOWNE SCHERER.COM 10/31/2017: TowneScherer Private Wealth Management BLOG:
Special Counsel’s Office Makes First Indictment
Paul Manafort, former Trump campaign Chairman, and Rick Gates, his associate, have been indicted on 12 counts, reports a Fox News report 10/30/2017. Further, George Papadopoulos, a former Trump campaign policy adviser, has entered a guilty plea, admitting he made false statements to FBI agents. To which Trump responded with, ‘This is a year ago, before Paul Manafort was part of the Trump campaign. Why aren’t Crooked Hillary & the Dems the Focus?’ Pete King, R-N.Y. responded with, there is ‘no evidence linking the Trump campaign to collusion.’ Round one?
Corporate Tax-Rate Phase-In
A gradual phase-in for the corporate tax-rate cut, which would take five years for the proposed 20% tax rate to be in place, is being discussed by House tax writers, according to Bloomberg 10/30/2017. Interestingly, the markets have moved down somewhat on the news. But just somewhat.
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