Wall Street Traders Grouse Over Trump Tax Plan

The video discusses the concerns of traders and hedge fund managers regarding tax deductions, particularly mortgage interest and state taxes. It explores the impact on financial advisors and small businesses, suggesting that some may go independent to benefit from pass-through credits. Strategies to mitigate tax changes, such as hiring tax advisors and considering relocation, are discussed. The video also examines the political and economic implications, including potential pressure on high-tax states and dissatisfaction with the tax bill among Republican supporters.

In what ways do the tax concerns of hedge fund managers differ from those of regular employees?

What implications do the tax changes have for the political landscape in states like New York and Connecticut?