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Donald Trump made headlines last week with his suggestion that a proposal for tax-reform is on the immediate horizon, and that it would be nothing short of “phenomenal.” What that means exactly remains to be seen, but the statement added fuel to the markets--powering indices to new highs despite what many deem nosebleed valuations. Trump’s tax plan to this point has lacked specificity, so it will be interesting to see his proposal--likely rolled-out in March. Trump has, in the past, spurned the current Republican proposal for a Border Adjusted Tax, labeling it “too complicated,” however, recent anecdotal evidence points to a gradual warming to the idea.

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