DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.
Stocks Surge as Economy Adds 227K Jobs, President Trump Promises Tax Cut Bill Soon
New concerns this week that there could be a delay in passing tax reform and repealing/replacing ObamaCare. Some investors and businesses were betting on tax cuts and ObamaCare reform to free up money to invest in their companies and workers.
Jonas Max Ferris: The economy is not that bad right now. We need tax reform more than anything and more so than tax cuts. Don't do healthcare reform but instead do the tax reform which will help with everything else.
Gary B. Smith: I disagree with John's assertion that Trump is advocating for divisive issues. He is doing exactly what he promised to the people who got him elected. He's addressing illegal immigration and cutting the size of the government. Now we need to cut taxes especially for the individuals who have been struggling for the past eight years. Let people keep their money and fix the tax code.
John Layfield: Market is expecting tax cuts and reform. The market was flat from November 2014 to November 2016. Now the market has grown exponentially since the election because there is an expectation for tax cuts. The big fear is that President Trump is doing some of the more divisive stuff first such as the Johnson Amendment and going after a border tax. What he needs to do more than anything else is tax reform especially lowering the corporate tax rate.
Lee Carter: Trump is a man of action. He has had eighteen executive actions in the span of fourteen days. This is whiplash trying to keep up with him. He said he was going to do tax cuts, so he will actually do it. This is something where he can show how he works with congress on this issue.
Cathy Areu: We have to say Thank you Obama for the economy that Trump inherited. We all want tax reform and tax cuts. Will Trump be able to do it? I don't think so because he's started so many fires he doesn't know to put out.
President Trump Slaps New Sanctions on Iran After Ballistic Missile Test
Jonas Max Ferris: This country has been under sanctions under 1979. Sanctions don't work by themselves. All they will do is impoverish countries. To stop nuclear proliferation, we need to have the nuclear threat ready so we can scare off countries. Ideally, the United States would be the only country with nuclear weapons.
Gary B. Smith: It's way past time to get serious with Iran. Since 2015, Iran has fired twelve ballistic missiles according to the United Nations Security Council which is twelve too many. It's time to put the sanctions back onto them.
John Layfield: The problem is that Iran has been able to prove that it hasn't really violated the UN peace deal even though they haven't acted in good faith. John Kerry has become a modern day Neville Chamberlain.
Lee Carter: Iran has run amok. We need to be tougher on these countries. Relations with Middle East countries have gotten worse. People want to see strength and leverage which are both strong attributes of Donald Trump.
Cathy Areu: On Obama's watch, we had no terrorist's attacks from Iran and we also haven't had nuclear proliferation from Iran so the treaty that we signed has been good and we are going to stay in it. Obama would also have placed sanctions on Iran as well.
Congress Reverses One of Obama Administration's Regulations Against Coal Companies
Jonas Max Ferris: This regulation wasn't to lower costs but rather to keep the streams clean. You can roll back a lot of regulations on cars and it will definitely be cheaper but it would not be as safe.
Gary B. Smith: I appreciate the Trump gesture, but coal is not coming back.
John Layfield: What's killing the coal industry is clean natural gas. We're never going back to coal.
Lee Carter: There is no question that reducing regulations will grow the industry and cut costs.
Cathy Areu: Mitch McConnell from Kentucky even said he didn't ask for the regulations cuts. The regulations actually came with more jobs to monitor those regulations.
Gary B. Smith: BBBY doubles in three years
John Layfield: UA Gains 20 percent in one year
Jonas Max Ferris: DDY up 15 percent in one year