Friday, February 24, 2017

Let us bet our 401Ks on the Trumpster

WSJPresident Donald Trump’s promises to cut corporate taxes and ease companies’ ability to repatriate overseas cash could help corporate and public pensions close their massive deficits. 
 Investor enthusiasm over the president’s tax proposals is already boosting stocks, benefiting public pension plans. The S&P 500 index has jumped more than 9% since November 9, as investors anticipate more growth from Mr. Trump’s policies. Should Congress and the White House overhaul the tax code, lowering corporate rates from the current 35%, many companies could accelerate payments into their pensions plans, said Gordon Fletcher, a partner at Mercer Investment Management Inc. 
That would a lot of greater fools who will need to be blindsided. 

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