Until something changes, the Trump’s tax cut is not very realistic.

Though the lack of consensus may lead Republicans to do the right thing and simply cut the corporate rate.

Debt and equity should be on a level playing field.

Lots of noise does not mean lots of action.

A big reduction in the corporate rate would be unambiguously positive for the American economy.

The plan is now turning into a political liability.

This article appeared in Cayman Financial Review.