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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (18830)	3/16/2017 2:11:25 PM
From: The Ox	Read Replies (2) \| Respond to of 33421

For the most part, corporate America has already done this by marking up items way above their expected retail price and then saying, here, have it at a nice discount. How long can or will Americans keep demanding discounts on everything I think the concept of asking people to simply accept a higher price "for the good of all" is not viable. As to how often corporations have to report and the demands of the stock market on performance "to appease shareholders", that is a very, very different "animal". I think there are many other areas that need to be addressed within the "fairness" concepts. Like, taxing capital gains but not taxing short profits gained if the shorted company goes out of business.

To: Don Green who wrote (18830)

3/26/2017 2:40:28 PM

From: John Pitera

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richardred

Read Replies (2) | Respond to of 33421

AND THE MOST SIGNIFICANT ASPECT OF EVERYTHING THAT HAS HAPPENED THIS WEEK, regarding the ACA...... I believe we just got the biggest gift of the year..... we have put off doing anything on Health care and are going to do tax reform first. which was #1 on my wish list and it will provide the biggest bang for the buck and be the area where changes can make a huge and multiyear impact on the economy..... In my opinion... This is all going to plan and Trump, Gary Cohn, Bannon , Wilbur Ross ,Steven Mnuchin, Conway, and the senior economic directors have to be as delighted as I am with this development.

Reforming the ACA is a bottomless pit of a quagmire and will be much better dealt with after the US economy has sustained 3+% GDP growth or could we be so lucky a 4% GDP print.

I wrote about it on 2/24/17.

POTUS's address to the full session of Congress.... shall it be a binary outcome.... which provides additional animal spirits for the stock market and risk assets generally or be short on specifics and disappoint the voters and investors.

The administration should do the brilliant move and put tax restructuring both corporate and personal as the #1 priority and put together a package that can generate 3+ % GDP growth... 4 % would be excellent and would enable other possible things to be done later this year.

Special priority should be made to enable US companies to repatriate the Trillions of Dollars of Currency reserves held overseas. I believe the number is probably more like 4 plus trillion dollars.

If I were talking with Trump, Bannon , Wilbur Ross or Steven Mnuchin I would emphasize that congress repeat what they did in 1986. Which was a 1 time offer for US corporations to repatriate USD from overseas at a .0625% tax rate which is what they did with Reagan as President and Tip O'Neil heading Congress.

It can even be promoted as the coming together of both parties in the same way that those 2 political titans of the 1980's did in 1986. Possibly put a few stipulations that the money can not go for stock buy backs and instead be used for capital asset expansion projects.

The administration should shift priorities and make tax restructuring #1 and get it done and then move on to adjusting the ACA, which is a quagmire and the numbers are not going to add up with the added benefits of pre existing conditions and kids able to stay on parents insurance until the age of 26.

Message 31001844

John