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Pay Attention to Taxes During Trump’s State of the Union Speech

Feb. 5, 2019, 1:30 PM

Markets should “pay close attention” as President Trump may sound more upbeat about the economy during tonight’s State of the Union address, but “many of his core supporters don’t feel it,” Horizon Investments’ chief global strategist Greg Valliere wrote in a note.

“They believe the tax cuts only benefited corporations and the rich; the country overwhelmingly wants higher taxes on the wealthy,” Valliere said. “Higher taxes is the single biggest domestic issue heading into the next decade.”

On Monday, Politico said surveys show “overwhelming support for raising taxes on top earners,” with one new poll finding “76 percent of registered...

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