Wednesday, December 20, 2017

US Tax Cut Bill Approved

US Tax Cut Bill Approved This is a big deal. The U.S. House of Representatives gave final approval on Wednesday to a sweeping, debt-financed tax bill in a midday vote. No double President Donald Trump to sign the bill into law as soon as possible.

Reuter has a list of the key points in the new bill here

It is a great accomplishment to be achieved within 1 year in Republican in charge. It does seem that US has re-install one of the key growth engine for its economy.

Usually I don't really focus that much on news, especially geopolitical news, for my investment consideration. This is, however, a strong positive factor for longer term investment for me because it is a structural element within the US economy.