Investment Commentary – November 2017
November 1, 2017
President Trump and his new cabinet have proposed an ambitious agenda. They propose a sweeping overhaul of the tax code, claiming it will be the largest comprehensive change to the tax code since the Reagan era. Income tax brackets will be redefined and reduced, and tax rates will be cut across the board. Also, corporate tax rates are scheduled to be slashed significantly in the coming new year and plans for repatriating overseas earnings (currently said to be near $2.70 trillion dollars) are in the works. In addition to tax cuts, an array of federal rules and regulations are on the chopping block. The White House has made remarks regarding existing trade agreements and even the possibility of targeted tariffs. The new administration also plans extensive changes in the nation’s energy policies and a massive investment in infrastructure.