President Trump, looking for a legislative victory before the year ends, unveiled a substantial tax cut for American businesses – from 35% to 20% – in his new tax plan Wednesday.
The Dow is up 22% since Trump's election last November largely in anticipation of a cut like this. And there's good reason. Money Morning Capital Wave Strategist Shah Gilani says every percentage point drop in corporate taxes translates directly to a gain in earnings.
Shah joined Charles Payne on FOX Business Network to explain the math and give us his favorite stock to benefit from the tax cut if it passes. Check it out.
An Incredible Win Rate: Since April 28, Shah Gilani's Zenith Trading Circle subscribers have had the opportunity to make average gains of 44% per day (including partial closeouts) on his recommendations. His win record is insane (in a good way). You've got to check this out – just click here.