US President welcomes the new year with vehement optimism. Having waved farewell to successful 2017, Donald Trump is positive about happy 2018. And he has every ground to feel certain of cheerful stock market prospects. Throughout the whole 2017, the stock indices kept posting new records, while the US companies saw their stocks steadily growing.
Trump believes 2018 will bring stratospheric success onto the US stock market. As the US leader said on Twitter, “Jobs are kicking in and companies are coming back to the U.S. Unnecessary regulations and high taxes are being dramatically cut, and it will only get better. Much more to come!” Trump's tax cuts do seem to be a big win for U.S. economy in 2018. The tax reform looks to be likely to fuel economic growth of the country. One of the key features of the biggest tax overhaul in 30 years is permanent tax cuts for corporations. The 35% corporate tax is said to make the US companies uncompetitive on the world arena, so since the break of 2018 the rate is flat at 21%.
As for individuals, the new tax brackets for 2018 will be given only after taxpayers file 2018 taxes. Sadly, some might face a tax increase.
