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Inside Wall Street's Towers, Traders Grouse Over Trump Tax Plan
By , , and-
Many are figuring out greater benefits will go to billionaires
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One, sipping a Bloody Mary, vows to quit the Republican party
Bloomberg’s Laura Keller discusses how many traders say only the billionaires will benefit from tax reform.
They thought they’d be celebrating.
Wall Street traders who rake in hundreds of thousands of dollars a year or more eagerly awaited a Republican overhaul of the U.S. tax code. Now, many are huddling with accountants and concluding the real gains will go to billionaires and other captains of the industry. Those in trenches -- the merely wealthy -- are grousing.
