TAKING STOCK OF A TAX DEAL (AGAIN): It’s almost like the tax policy version of “if a tree falls in the woods and no one is around to hear it, does it make a sound?”
Think of it as “can there be a backlash to a tax deal that probably never was going to happen?”
Sure, it’s too soon to say there definitely won’t be a tax deal, though the vibes still aren’t great and the broader forces assembled against negotiators haven’t gone anywhere.