In a stark contrast to its House colleagues, the Senate is now considering a tax cut delay to stave off the proposed $845 billion corporate tax cut until 2019.
According to The Washington Post, the postponement would make it easier to comply with Senate rules that aim to limit any legislation's impact on the debt.
Many are worried about what a tax cut delay could mean for the stock market. After all, U.S. President Donald Trump's deregulatory policies have spurred immense confidence in business owners and investors alike for the first time in eight years. It makes some sense for these analysts to fret about Trump's policies potentially hitting a roadblock.
But we're not worried.
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on Fox Business Network's "Varney & Co." today to discuss why this delay won't derail the markets the way analysts expect it to.
Here's what he had to say - including what investors should do now...
Up Next: The Gains Keep Coming
Pundits denied it, experts doubted it, but on Nov. 5, 2016, Keith Fitz-Gerald appeared on national television to predict 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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