US Tax Update: Tax reform bill likely to pass senate this week – Nomura

Analysts at Nomura assign a two-thirds likelihood that the US Senate will pass its tax reform bill this week, probably on Friday.

Key Quotes

“Many wavering Republican senators agreed to proceed to debate, indicating that passage in the Senate is now more likely than not, reflecting a number of last-minute changes made to assuage specific senators’ concerns. However, significant questions need to be answered before the Senate vote. Moreover, conditional on passage, Republican leadership will need to decide how to proceed with the bill afterwards. Altogether, the tax reform process continues to move forward, sustaining momentum and increasing the likelihood of an eventual bill passing by year end.”