The Real Side - Tax Plan Looking to Remove SALT Deductions
Show Notes:
David appears @ 17:40
- Dow is down for the 5th day in a row. David is still hesitant to say we're in a correction.
- The Dow is down in part due to General Electric stock being down 50% this year.
- The Dow is also down due to the uncertainty surrounding the tax bill.
- The plan as it stands wants to take away the State And Local Tax Deduction or SALT for the average real estate holder in mostly blue states, but will not affect corporate tax deductions in real estate. So as a whole, the bill will make the rich, richer.
- California is moving towards a Bernie Madoff style scheme to pay off their pensions by borrowing from pensions.
- Signs are pointing to a global bond market collapse. Traders are betting on it.