15 Percent Tax Is Too Low To Run The U . S ., Says Raymond James Ceo

Proposals to slash the U.S. corporate tax rate to 15 percent from the current 39.6 percent would hamstring the government according to the chief of financial services giant Raymond James.
So I think the markets have pulled back saying ‘is deregulation really coming’?
“Everyone talked about the deregulation of financials and certain stocks that are really subject to deregulation get really impacted by every announcement.
“They talked about taking out the DOL (Department of Labor) rule that was just put into effect – but it happened.
Indeed, the excitement with which the U.S. and global equity markets have greeted expectations of both tax cuts and deregulation under a Trump administration is now being tempered, in Reilly’s view.

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