Pimco's Cantrill Says Tax Reform Could Slip to 2018

The transcript discusses skepticism about President Trump's pro-business agenda, focusing on the challenges of implementing his pro-growth policies through Congress. It highlights the potential impact of tax reform, infrastructure, immigration, and trade policies. The discussion also covers the complexities of tax reform, particularly the controversial border adjustment tax, and the political dynamics within the GOP. The transcript concludes with an analysis of the GOP's cohesion and the potential for future policy developments.

Why is there skepticism about President Trump's pro-growth agenda?

• Due to immediate implementation of policies.

• Due to the slow-moving nature of Congress.

• Because Congress is a fast-moving body.

• Because the agenda is not pro-business.

What are some potential pro-growth policies mentioned?

• Defense spending and foreign aid.

• Healthcare reform and education.

• Immigration and trade policies.

• Tax reform and infrastructure.

What makes tax reform particularly challenging to achieve?

• It is a simple legislative process.

• It creates both winners and losers.

• It is supported by all lobbyists.

• It involves only winners.

What is a controversial component of Paul Ryan's tax plan?

• Border adjustment tax.

• Sales tax implementation.

• Corporate tax increase.

• Income tax reduction.

Can tax reform occur without a border adjustment tax?

• Yes, but it will be smaller.

• Yes, but it will be larger.

• No, it is impossible.

• No, it is mandatory.

What is the potential impact of not having a border adjustment tax?

• Corporate tax rate will remain unchanged.

• Corporate tax rate will increase significantly.

• Corporate tax rate will be less reduced.

• Corporate tax rate will be more reduced.

What is the current state of GOP cohesion regarding Trump's policies?

• There is agreement on methods but not on policies.

• There is no cohesion at all.

• There is disagreement on the methods of implementation.

• There is complete agreement on all policies.