Stocks Slump on News Senate Plan Delays Tax Cuts Until 2019

ㅤ”Stocks fell sharply on Thursday after the Washington Post reported that the Senate Republican tax plan would delay the cut in the corporate tax rate until 2019. While some in the Senate have objected to the delay, they were overruled by Senate Republican leaders, the Post reported.
ㅤThe one year delay would lower the cost of the tax bill by $100 billion, according to the newspaper. But it would likely dull the economic impact of tax cuts by encouraging companies to delay repatriating foreign profits or making investments [in the USA] until they can take advantage of the lower rate.”

ㅤô¿ô …Apparently the old-guard Republicans will again rebel against Trump, screw over Americans and prove their inability to govern. Please don’t blame the President.

Full story at Breitbart, image from newyorker(.com) • draintheswamp, maga, mitch mcconnell, senate, senate republicans, u.s. congress, conservative, politics

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