The Wall Street Skinny 159. Trump Tax Bill Breakdown and Insider Trading in Congress with Rep. Seth Magaziner
We’re thrilled to welcome Congressman Seth Magaziner — a longtime friend from our high school and college days — for a conversation about the intersection of finance, policy, and politics. We break down the proposed tax bill currently moving through Congress, the state of U.S. debt and deficits, and insider trading laws for elected officials, and Seth’s background in finance and public service working as the youngest treasurer of Rhode Island for 8 years.
We dive into the details of the proposed $5 trillion tax cuts, $2 trillion spending cuts, and the projected $3–5 trillion increase in debt over the next decade — and what all of this could mean for markets, companies, and investors. We also explore the surprisingly legal practice of members of Congress trading stocks while in office, and Seth’s bipartisan effort to ban it.
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