gop target growth. the latest insensitive remark sup remark coming from president trump. honoring the president choosing that moment to make a wise crack referencing his nickname for senator elizabeth warren. you were here long before any of us were here. although we have a representative in congress who they say was here a long time ago. they call her pocahontas. but you know what? i like you. because you are special. the term is considered by many to be a racial slur. it seemed to catch the navajo retter rans off guard prompting polite smiles and silence. perhaps even worse it played out in front of a portrait of andrew
gdp or higher economic growth is achievable if we make historic reforms to both taxes and regulation. now economists dispute that target growth but tax cuts would certainly please corporate america as will walking back plans to regulate wall street banks despite calling for something called the 21st century glass the white house version lax it s defining feature. the simple answer which we don t support is breaking up banks from investment banks. we think that would be a huge mistake. did actually kept investment banks. wall street banks don t seem concern issed their stocks have flourished under trump. this is since november 7th. it just shows you how golden man sacks, jp morgan chase and others have done well. those are huge returns. perhaps makes it more difficult to argue in favor of getting rid of dodd frank. the reason they rally so much is they know that trump is going to get rid of dodd frank.
agenda that s still on track. he told the senate banking committee tax reform will happen this year. something speaker paul ryan also v vowed and yits necessary. i believe that a goal of 3% gdp or higher economic growth is achievable if we make historic reforms to taxes and regulation. economists dispute that target growth but tax cuts will please corporate america as will walking back plans to regulate wall street banks despite calling for a 21st century glass steeple. the white house s version lacks it s defining feature. the simple answer which we don t support is breaking up banks from investment banks. we think that would be a huge mistake. wall street banks don t seem concerned. their stocks have flourished under the trump presidency. just look at the right side of that screen. 20%, 30%, 40%. those are the big banks.
outline. investors though want to know more details. and they want a guarantee that the white house is going to go ahead and work with lawmakers to pass reform. and the president s commerce secretary is blaming congress for the holdup. he spoke to righters and said this. wilbur ross says 3% growth won t happen this year because congress has been slow-walking everything. ross added that target growth could happen next year if all the administration s policies get passed. it s not so far off the mark, you re going to see lawmakers hold lots of legislation hostage trying to get that special counsel in place. even without that it s clear that the senate wants to take a ton of time with health care, wait for the cbo score, craft something they can get through the house. you re looking at a long way out. they need health care to get tax reform. long way out. betsy devos no doubt hoping her next commencement speech goes better than her first as secretary of education. devos addressing the
that s the day the administration released its tax outline. investors want to know more details. they want a guarantee the white house will work with lawmakers to pass reform, and the president s commerce secretary is blaming congress for the holdup. he said this speaking to reuters. wilbur ross says 3% growth won t happen this year because congress has been slow-walking everything. ross added that target growth could happen next year, if the administration s policies get passed. but we got an indication with this whole comey mess that you re seeing senate democrats saying, listen, we re going to stall legislation put the brakes on everything. we re going to put the brakes on any nominees that need confirmation. so, you are going to see kind of this slowing of course, they can t stop health care at this point. that looks like they re going to do that with just republican support. yeah, but they re looking to slow things down, unless the president agrees to have a special p