When it comes to what it may all mean for the closely-watched tax reform legislative efforts, a distracted White House may not necessarily be a bad thing. There is a sense on Capitol Hill that a White House taken out of the tax reform equation for a while may on the margin improve, rather than derail, the prospects for passing a tax reform bill in some form later this year.
HILL REPUBLICANS SAY COMEY WON'T SLOW TAX REFORM - MM checked in with several senior GOP congressional aides on Wednesday and their message on the impact of President Trump's firing of Jim Comey on prospects for finishing health care and moving on to taxes was the same: there won't be any.
Markets seemed to agree with Hill Republicans that the Comey firing alone won't mean that much. Stocks barely budged on Wednesday with the Dow finishing down just 33 points and the S&P and Nasdaq marginally higher.