He could have proposed lowering business tax rates from 35 percent (really 40 percent when you figure in the states) to 25 percent. He could have suggested that small businesses, now paying 40 percent, be made eligible to become C-corps, so that their tax rates also drop to 25 percent. He could have proposed repatriating roughly $1.5 trillion of corporate profits overseas, bringing them back home with a tax holiday, or even better, a permanently lower rate. Doing so would be like putting free money into our domestic economy for new investment and job creation.
I put this in here because of an opposite viewpoint I saw on Kitco:
In summary, as long as central banks remain accommodative and policymakers pursue pro-growth policies, the uptrend in global stocks will probably continue.
Is this administration really interested in growth? Frankly, I don't think so.
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