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For a first look at what the republican sales pitch will look like, we welcome kevin cirilli. He has been reporting right through this. Now to how they will sell this to the American People. What do we know . Ago, i was moments speaking with some senior republican aides who tell me that at 5 00 tonight, they will have this house Conference Meeting behind closed doors, and they will have to hash out the details of the continuing resolution. They will have to rebrand their pitch to the American People. Polled say they think their taxes are going to go up as a result of this plan. Republicans are pushing back against that vehemently, the democrats are making the case that they feel this will only benefit the wealthy. Know that and i both they are blaming it on the media, pretty standard move, saying it is all our faul ....
Just a drift now. This is not unusual, going into the end of the year, to see more sideways movement. When we are looking at heist tech stocks or low tech stocks, heres a look at the high tax and low tax index. You do see a gaffe a gap between them. It began this week when it was clear that the bill was going to pass. Again, the lift and then the sideways movement, more or less, even for both of those divisions that we have been watching. Wanted to look at some individual groups as well. Fedex came out with earnings after the close and the company said that they would soon record deliveries this holiday season. They also talked about taxes and in a key fashion they raised their forecast but said that the earnings would be even higher as a result of tax cuts. Not just the overall corporate but other measures to benefit the company. We are seeing a strengthening of other companies as well. This group pays the highest effective tax rate. Particularly the railroads and domestically oriente ....
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