Franklin Templeton Is Betting On Tax Reform -- With House Money

Rep. Blackburn Says GOP Tax Bill May Keep SALT Deduction

Franklin Templeton Investments is bullish on U.S. tax reform -- but that’s not just something its advisers are telling clients.

A look at the quarterly earnings report for Franklin Resources Inc., the parent of the global investment firm, makes it pretty clear that view is already influencing its financial planning.

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On the conference call, analysts grilled management on whether profits would be brought back to the U.S. from overseas should the potential for tax reform that includes a repatriation holiday meaningfully deteriorate.

In a close vote, House Republicans adopted a budget resolution on Thursday that’s a prerequisite for tax reform by year-end -- just hours after President Donald Trump tweeted, "Do not underestimate the UNITY within the Republican Party!"

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