Mark Cuban Just Spoke Out Against Trump's Corporate Tax Cuts

Dallas Mavericks owner and billionaire entrepreneur Mark Cuban fully expressed his dissent for U.S. President Donald Trump's tax code overhaul yesterday.

Specifically, he said that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions. In other words, he's not confident that Trump's tax cuts will change much.

We'll show you how the pending tax reform will really impact the markets in a moment.

But first, see the "Shark Tank" star's full comments...

Mark Cuban: Competition, Not Tax Cuts, Will Drive Future Investments

Mark CubanCuban said that the Trump administration's proposed corporate tax rate reduction - which would see the rate drop from its current 35% down to 20% - would have zero impact on venture capitalists' or investors' decisions on funding small businesses, because competition, not taxes, is the ultimate driver of the economy...

"Competition drives what I do in my businesses a whole lot more than tax rates," Cuban told a Reuters Newsmaker forum entitled "The Trump Budget Debate" last night.

"Amazon is going to affect a whole lot more companies and futures, as will Microsoft and Facebook and Google and other big companies, a lot more than a marginal tax rate," the "Shark Tank" star added.

Money Morning Chief Investment Strategist Keith Fitz-Gerald has been making this very point long before Mark Cuban.

On Sept. 27, for example, Keith made his stance clear to viewers of CNBC's "Street Signs":

"I've always said that it's better to concentrate on CEOs than it is to concentrate on politicians... They play with real money, not academic money, not money that is designed to get them reelected," he said. "If you're investing because you're investing in companies and the future, you're probably going to do just fine. If you're investing because of politicians or what might or might not happen, you might as well go to Vegas."

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Follow CEOS… Not Politicians.

 

Unlike Cuban, however, Keith isn't blindly pushing ahead without monitoring how the markets are reacting to tax reform. Here's his insight on what to expect in the coming months...

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Keith recognizes that Trump's tax reform plan will "unleash still more money."

He told FOX Business Network as much just yesterday (Nov. 15).

Keith said the GOP tax overhaul is "going to unleash confidence, and it's going to unleash the expectations that real profits matter and they're going to be treated well."

Keith has a track record of knowing how the Trump administration will affect the markets. And he is using that knowledge to show his readers how to make incredible profits.

On Nov. 5, 2016, Keith Fitz-Gerald appeared on national television to predict that Donald Trump's election would unlock a historic "rip-your-face-off market rally."

Now, as billionaires pour tens of billions of dollars into the markets to chase trillions of dollars still on the sidelines of this rally, Keith is watching a mysterious "X" pattern that's appeared on 47 stocks that he monitors.

Since then, all of the stocks have gone up in price, some by as much as 225% in 15 days and 264% gains in less than a month. Click here to find out about the others...

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