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  • GOP bill to permanently lower corporate tax rate to 20%: Sources

    From cnbc.com

    House Republicans are expected to unveil a tax reform plan Thursday that would permanently lower the corporate tax rate to 20 percent, sources told CNBC. The bill is also expected to raise the child tax credit to $1,600 from its current maximum of $1,000. The GOP bill, slated to be released later Thursday, would also allow taxpayers to write off up to $10,000 in property taxes. Lawmakers are also expected to move forward in repealing the alternative minimum tax. The Republican tax plan seeks to immediately repeal the estate tax, which is currently a 40 percent levy on estates greater than $5.49 million for individual ... (full story)

Newb question. How does this weaken the USD?
Maybe because its unlikely to pass.
There's always money in the banana stand.
I'd like to know as well, tax reform has been touted as USD positive and logically it should be, something missing here? Details we are not aware of? Fake news?
guess banksters need it weak to hunt some stop losses, despite common sense sayin lower tax = stronger currency.
Quoting Mooshu22
Newb question. How does this weaken the USD?
Because it will never pass.
"Where you want to be is always in control, never wishing, always trading.
Quoting LizardGizzard
Maybe because its unlikely to pass.
It’s because the taxes are set to 20% permanently instead of 14, as suggested initially.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Market just got duped it sounds like? Trade the signals not the news. Learn it day after day.
USD weakens (true for any pair) because it does not reduce the annual deficit which rapidly adds to the national debt. Interestingly, they're not saying anything about the deficit at this point.
Quoting Mooshu22
Market just got duped it sounds like? Trade the signals not the news. Learn it day after day.
Yeah, buy the rumor and sell the news, eh?
"...immediately repeal the estate tax, which is currently a 40 percent levy on estates greater than $5.49 million for individual..." good for the Trump family I guess.
[quote=raklian;10453236]{quote} Yeah, buy the rumor and sell the news, eh?


do not trade the news. trade the reaction to the news. Then you will not care what the news actually is or even have to try to understand it. Just see how the market moves as a result and trade that reaction.
  •  Guest
  • | IP XX.XXX.79.14
will send national debt through the roof
up and down , heheee
It's just a high impact breaking news, the tax will be still lower. I think it will pass
A thing Thats good for the people wont pass...

So, what are those politicians doing in there?
Quoting Genimi
A thing Thats good for the people wont pass... So, what are those politicians doing in there?
Grandstanding, for the precious votes they need to satisfy their thirst for attention and power?
Quoting Guest
will send national debt through the roof
It's already through the roof. Not like large companies pay tax, anyways.
The surest way to revamp/repatriate the American Industries! Below is the comparative analysis of corporate taxes...
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Study and risk taking are the engine & fuel that will propel you to success
Everyone benefits with a lower corporate rate. Where do you think retirement and pension funds are? 20% is competitive.
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  •  Guest
  • | IP XX.XX.14.81
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  • Story Stats
  • Posted: Nov 2, 2017 10:08am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 19  /  Views: 8,175