Today's reincarnation of the "Trump Rally", manifested by a jump in small-cap stocks, which as a reminder are the best equity proxy for the future of the US economy, and a long-overdue spike in US dollar...
... is due to the previously observed spark in Trump tax plan talk, whose outline Paul Ryan said earlier could be unveiled as soon as September 25, as well as a report that Trump's tax reform discussions would include Senate Democrats. Now, adding to the speculation that Trump may actually pull off another deal with Democrats over GOP objections, is a report from ABC that one week after allying himself with Democratic congressional leadership on efforts to raise the debt limit and provide money for hurricane relief, on Wednesday night Trump will host top Democrats, Senate and House Minority Leaders Chuck Schumer and Nancy Pelosi for dinner at the White House to discuss DACA, health care reform along with "fall deadlines" - two points that have become Democrat bargaining chips for Trump's agenda.
Trump - Tax - Plan - Details - Tonight
While not explicitly mentioned, Trump will certainly also discuss his proposed tax plan. More details on tonight's meeting from ABC:
The focus of Wednesday's dinner, according to sources familiar with the meeting, will be to discuss protections for so-called Dreamers, undocumented immigrants currently protected by the Deferred Action for Childhood Arrivals (DACA) policy, which the administration said last week it would end in six months. The trio will also talk about efforts to stabilize health care markets.
Dinner - Roundtable - Number - House - Democrats
The dinner will follow a bipartisan roundtable between a number of leading moderate House Democrats with Trump Wednesday afternoon.
Rep. Josh Gottheimer, D-N.J., a leader of the House Problem Solvers Caucus, said the White House legislative affairs office invited him and other members to discuss health care, tax reform and infrastructure Wednesday afternoon. "I'm hoping this is part of...
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