General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf the Senate fails to pass the Tax Reform bill today,
what will happen to the Stock Market? It was over 24,000 yesterday.
karynnj
(59,507 posts)The market will overreact, but then stabalize. Unless you have to sell tomorrow, you likely lose very little other than possibly some due to speculation.
However, if the bill passes, the economy itself will be negatively impacted. If it really takes money from the poor and middle class, it could actually slow the economy. They will cut back spending. The top 1 percent might not spend all the additional money they do not need.
WinkyDink
(51,311 posts)NCTraveler
(30,481 posts)I feel we will go through two plus years of and economic surge. It will be based off of the tax law and not anything to do with consumers or purchasing power outside of that of major corporations. Extremely large sums of money will start moving. That included investing. There is no control of where those funds will be used to invest and most of the fat cats are seeing an opportunity for better returns investing in other countries.
If this passes, Trump will go into the next election with a booming economy, as far as normal statistics used to determine that factor. It will be a fake bubble created by way of legislation. That bubble is not going to pop for a couple of years.
Demsrule86
(68,733 posts)needs a correction otherwise we face an economic debacle as in 08.
democratisphere
(17,235 posts)WinkyDink
(51,311 posts)Vinca
(50,319 posts)It may be connected to King Moneygrubber's policies or the current balloon might burst. It's nothing but a big casino.
edhopper
(33,646 posts)they always do.
Their hatred of regulation always leads to a major crisis.