I outlined why the tax cuts will be very bullish for U.S. stocks
1. Most of these tax cuts won’t be passed, but some will. Otherwise the Republicans will get killed in 2018.
2. Every 1% cut in the corporate tax rate is a $1 increase in U.S. corporate earnings.
3. at long last, it seems that the Republicans will repeal some of Obamacare. Repealing obamacare is necessary to pass tax cuts.
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