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Ignore the Markets – Taking Stock of Tax Reform

So, with the first quarter of 2018 behind us, what’s the word on the big tax cut passed in December? Is it “crumbs,” as Nancy Pelosi declared? Has it launched the U.S. in to the next Great Depression, as a Washington Post column predicted? Far from it. In fact, the early evidence shows that tax reform is indeed contributing to more new jobs and higher wages for working Americans. More than 450 companies to date have announced bonuses, pay raises, and better benefits - including American Airlines, AT&T, Bank of America and Comcast. ....

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