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Reporter melissa, as you said, that bill is now public. And here is some Additional Details that we have learned about whats in it the repatriation rates are slightly higher than what we had been reporting 8 for illiquid assets and 5. 5 for cash previously we had been told that rate would be 15 for cash the individual mandate, that repeal will begin in 2019. So a oneyear delay of the repeal of the individual mandate. On carried interest were told the threeyear holding period, that both the house and the senate have proposed, will remain also the first in first out provision that would limit investors ability to choose when they sell their stocks, that is out of the final version of the bill. Now, a lot of the other sort of headline numbers that we had been reporting are now confirmed. The corporate rate would be 21 . And that would take effect immediately. The top rate for individuals, 37 . And that would apply to individuals ....
Adobe. And were off to the races without any real worry about last minute status of darn tax bill which is looking more and more likely that it will become law next thing you know, the dow rockets 143 points nasdaq,. 9 . Nasdaq pole vaults up 1. 17 . It is easy, isnt it look, we dont even know what is going to happen in washington. But as i told you last night, were in the torpedos full speed ahead moment i am telling you, its underrated by everybody. Corporate earnings witness the pin action from costco and adobe so while the specter of washington haunts the market bad, they cant stop the averages from going higher will it continue since earnings are really in charge here despite you think it may be the tax cut, i went over the last day cut it, raise it it doesnt matter. What matters is earnings lets go right to next weeks game plan. The big competition in stocks is bonds. Let me put this scene setter here obviously on monday we want to see what happens to that tax bill we also get so ....
Some Additional Details that we have learned about whats in it. The repatriation rates are slightly higher than what we had been reporting 8 for liquid assets and 15. 5 for cash previously we had been told the rate would be 15 for cash also, the individual mandate, that repeal will begin in 2019 so a oneyear delay of the repeal of the individual mandate. Also uncarried interest, the threeyear Holding Period that both the house and the senate had proposed will remain first in first out provision that will limit investors choose from when they sell their stock that is out from the final version of the bill. The other headline numbers that we had been reporting are now confirmed. Corporate rate is 21 and that will take effect immediately the top rate for individuals, 37 and that would apply to individuals with income of 500,000 or above or coupled with income of 600,000 or a ....