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Come on guys, get to work. If you don't, the historic stock market rally is going to go up in flames. 

The biggest ideas for overhauling the nation's tax code are either dead or on political life support, according to a report by The Wall Street Journal. At the heart of the issue are Republican lawmakers being unable to find ways to offset the deep tax cuts that many promised on the campaign trail. Shocker that these clowns can't agree on something.

What is taking shape, or so it appears, is a grand bargain on taxes that is far removed from what President Trump rode to office on. Moreover, it's looking like a tax plan that could roil the markets, where hot names such as Action Alerts PLUS charity portfolio holdings Apple (AAPL) - Get Apple Inc. Report , Alphabet (GOOGL) - Get Alphabet Inc. Class A Report  and Facebook (FB) - Get Meta Platforms Inc. Class A Report  , Netflix (NFLX) - Get Netflix, Inc. Report  and even Walmart (WMT) - Get Walmart Inc. Report have rallied on the premise of more cash being put in the pockets of consumers and corporate coffers.

For example, one possibility mentioned in the WSJ story is a temporary tax cut that would expire to comply with rules preventing long-run deficits. Another is settling for a 25% corporate tax rate as opposed to the 20% backed by House Republicans. President Trump, as we all know, has called for a 15% tax rate. 

One prominent Fed official is already sounding the alarm bell to those who want to listen. 

"Washington does have to deliver at some point [on tax reform] and I think that is a concern going forward, whether the honeymoon period would end at some point and maybe the reality of American politics would settle in. We'll see if that happens or not. I think the jury is out on all that," Federal Reserve Bank of St. Louis President James Bullard said in Bloomberg interview on Tuesday. 

It may be time to cash in some of those Apple gains and buy a CD.

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Tiger Woods, gee whiz: Golf legend Tiger Woods was arrested for a DUI in Florida over the holiday weekend. Woods says it wasn't alcohol-related, something a police report expected to be released on Tuesday is likely to shed light on. Either way, it's time for Nike (NKE) - Get NIKE, Inc. Class B Report to eat its contract with Woods, TheStreetreports.

Meanwhile, the Woods mugshot meme game has been tight (and vicious) on Twitter.

Trump is stressing out Democratic voters: In fact, Trump is causing so much stress for liberals he may be sending them off to spin class to relax. Yoga and mediation coaches toldUSA Today they are seeing increased enrollment and fewer dropouts from the annual "New Year's resolution" wave of signups. The American Psychological Association says that stress nationwide is on the rise for the first time in 10 years. Thanks, Prez.

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Lululemon (LULU) - Get Lululemon Athletica Inc Report better be capitalizing on this trend; if not there is something seriously wrong with the yoga apparel maker. 

The iPhone 8 may have hit a snag: The Malaysia Chroniclereports that production of the iPhone 8 is running into problems that could push back the phone's launch by up to three months to October or even November. Two of the main issues revolve around the new device's processor and OLED screen.

Meanwhile, here is what the iPhone 8 reportedly looks like. 

Watch this sector: The Trump administration is nearing completion of a policy review on Cuba, which will determine how far it rolls back President Obama's engagement with the country, reportsReuters. Cruise lines such as Carnival Cruise Line (CCL) - Get Carnival Corporation Report (was first cruise line to travel to Cuba last year), Norwegian Cruise Line (NCLH) - Get Norwegian Cruise Line Holdings Ltd. Report and Royal Caribbean (RCL) - Get Royal Caribbean Group Report have been some of the first companies to capitalize on Obama's engagement. If Trump goes back to a harder stance on Cuba, look for the cruise line stocks to temporarily lose some steam. 

Jim Cramer and the AAP team hold positions in Apple, Alphabet and Facebook for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL, GOOGL, FB? Learn more now.


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This article originally appeared at 08:10 ET on Real Money, our premium site for active traders. Click here to get great columns like this from Jim Cramer and other writers even earlier in the trading day.

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