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.That would a lot of greater fools who will need to be blindsided.
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.
Friday, February 24, 2017
Let us bet our 401Ks on the Trumpster
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