How does this US tax reform proposal play out?

Nowler

Active member
Sep 13, 2017
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#1
Hey folks,

I just listened to Major Elliott Garrett (Chief White House Correspondent) talk about this bill that Trump is trying to push through, but he said something about this bill closing a tax loophole used by the likes of hedge funds etc... they are seemingly getting away with paying less tax than the average American pays.

I have also been listening to some analysts stating that it's this failure to get this bill through is what's hurting the USD against the EUR.

My question is...if this bill was only to close that loophole and nothing else...how would the market responding to it failing to go through, like this one is now. How would it respond if the bill went through?