Remember when the left said that President Donald Trump's tax reform would not work because the companies would give those breaks to shareholders instead of reinvesting in the company?Well, Bloomberg released data that shows capex (capital expenditure) has won out. It shows that the 130 companies in the S&P 500 have increased capital spending by 39%, which is the fastest rate in seven years. Returns to shareholders has only grown by 16%.
The Trump administration is expected to launch an effort in coming days to weaken greenhouse gas emissions and fuel economy standards for automobiles, handing a victory to car manufacturers and giving them ammunition to potentially roll back industry standards worldwide.
Beer Institute: "Tariffs are taxes. And taxes are job killers and prosperity killers"...
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