Trump says markets have not 'fully digested' benefits of tax proposal

President TrumpDonald John TrumpHouse Democrat slams Donald Trump Jr. for ‘serious case of amnesia’ after testimonySkier Lindsey Vonn: I don’t want to represent Trump at OlympicsPoll: 4 in 10 Republicans think senior Trump advisers had improper dealings with RussiaMORE said on Wednesday that his economic advisers believe that financial markets have yet to "fully digest" the impacts of the Republican tax reform proposal. 

“They’re thinking that the market hasn’t fully digested what they’ve got here,” he said. “I don’t think the market has even begun to realize how good these are, like for instance, full expensing.”

Senate Republicans okayed a sweeping rewrite of the nation's tax code in the early hours of Wednesday, putting the GOP on track to fill its promise of sending the measure to Trump's desk by Christmas.

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The House approved the legislation on Tuesday, but must hold another vote, because of a few changes inserted into the Senate-approved bill. House Republicans are expected to clear the measure again on Wednesday.

Trump's remarks came after global financial markets dipped slightly on Tuesday and Wednesday. 

The tax bill offers deep cuts to the corporate tax rate, lowering it from 35 percent to 21 percent. It also proposes more modest cuts to individual tax rates, though those reductions are temporary and will expire in 2025.

The proposal would also allow companies to deduct the cost of capital investments from their taxes – called "full expensing."

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http://thehill.com/homenews/administration/365812-trump-says-markets-have-not-fully-digested-benefits-of-tax-proposal