So two things are being bandied about: Cutting the corporate tax rate, which I think should be zero. This will certainly cause a jump in the market since earnings will rise significantly. The second thing is changes to or even elimination of the 401(K) deduction. This is a little harder to grasp. Clearly the 401(K) deduction will cut down on the amount of money going into the market, but will the anticipated reduction in saving have an immediate effect on the market or will it be a long-term drag?
What do you think? I'm sails unfurled and about fully exposed. Nerve racking at my age, but I can't imagine any Trump tax plan to be bad news for the market.