Congress Passes Tax Reform---12/20/2017
Both the House and the Senate passed the tax reform bill that we've all been talking about for months. It is set to go the the President's desk in the coming days to be enacted into law for calendar year 2018.
The focal point of the bill is the reduction in the corporate tax from 35% to 21%. The hopes are this will spur economic activity and growth.
Interestingly enough, almost immediately upon passage of the bill, AT&T announced that when Trump signs the bill into law they will pay out $200,000,000 in bonuses to their employees and invest $1,000,000,000 into new business ventures in the United States.
Seem like this bill just might stir up some additional economic activity!!