Hope Dies Hard: Corporate America Still Counting on Tax Reform
- BofA finds that businesses more optimistic than fund managers
- Trump trades seen coming back if tax overhaul is passed
Trump's Ambitious Tax Reform Timeline Faces Challenges
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Corporate America and the people who manage your money are hugely divided on the prospects changing the U.S. tax code.
Businesses are "still optimistic on fundamental U.S. tax reform" while "investors have given up," Bank of America Merrill Lynch strategists Athanasios Vamvakidis and Ronald Man wrote in a note Friday, citing surveys conducted by the bank.