Raymond James CEO Paul Reilly talks taxes and the firm’s earnings
Executive says the pass-through cut to 15% would be a boon to some advisers, but the rate is too low for corporations in terms of gaining bipartisan support and being revenue-neutral.
President Donald J. Trump's proposal this week to cut the tax rate to 15% for pass-through businesses, under which many independent financial advisers operate, "came out of the blue and was a surprise" and, if enacted, would be a boon to those advisers, said Paul Reilly, CEO and chairman of Raymond
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