Also saw corporate tax rate of 21% is effective immediately. Think there was a possibility they might delay that til 2019. So great news!
Seems like a major positive for all of our profitable companies that pay taxes. And not reflected in the profitable microcaps AT ALL. If a company is suddenly going to be paying taxes at 20-25% instead of 35-40%, that's a big boost to the bottom line. Maybe profitable micros with fully taxed earnings will become the new momo darlings in the coming weeks/months :)
I'll wait for the champagne until congress actually passes it. Razor thin 2 vote edge in the Senate and then there are Corker, Collins, McCain ( and he's in the hospital battling brain cancer) and another sick frail Senator whose name I forgot among others. Getting those Senators to vote together is like herding cats. They need to get it passed this year before they lose 1 of their seats too. They sound confident they can do it though. I'll have beer in the meantime, lol.