Baker Market Update: Oct. 2, 2017

Death and taxes; the only two sure things in life. Right? While any debate over the former is unlikely to engender any changes in outcomes, we’re all in store for much wrangling over the fate of the latter. The announcement this week of the Administration’s plan for tax-structure reformation has market participants scrambling to gauge, among other things, the likelihood of the proposed framework actually becoming actionable legislation. With more details expected as the process evolves, a reduction in marginal rates for businesses and households are hallmarks of the new plan with changes to allowable deductions garnering much attention. The nine-page outline was a little light on specifics. An environment ripe for wrangling

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