Traders are gearing up for Trump's tax cut plan

Sep 21 2017 by Business Insider

 

It looks like “Trump Trade” is back on beca use of the tax proposal set to be released next Monday, which should reveal specifics on lowering the corporate tax rate. President Trump has been talking about cutting the federal corporate tax rate from 35% to 15% since 2015. Though, he doesn’t seem to have much support from fellow Republicans to go quite that far.  

According to JPMorgan head of equity strategy, Dubravko Lakos-Bujas, if the tax rate is cut to 25% that could increase S&P...

Continue Reading Traders are gearing up for Trump's tax cut plan