FYI: President Donald Trump and his staff have promised a “big announcement” this week on tax reform and an overhaul of the code. Based on Trump’s public pronouncements, most people assume this means lower taxes for most individuals and corporations. The president tweeted: “Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday.”
Those in the markets hope that lower corporate and individual tax rates will spur more spending from consumers and more investment from businesses.
Regards,
Ted
https://www.bloomberg.com/view/articles/2017-04-26/how-markets-respond-to-tax-reform
