The following article appeared in the
Gateway Pundit on April 12th
By Joe Hoft
1st
Quarter 2018 Results are just starting to be reported for US companies and
expectations are that because of President Trump’s economic measures, the
‘bottom line’ or net profits for these companies will be the best 1st
Quarter results ever!
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Imagine the accolades Trump would receive if he were a Democrat |
2017 was a very good year for the
Dow, S&P 500 and all the major US stock indices. The Dow set numerous
records such as having 70 all- time highs by year’s end. President
Trump’s first year in office was arguably the best year ever for the Dow. (See
our summary
of year-end results including the Dow).
The S&P 500 also had an
incredible year. 2017 was the first
year in the S&P 500’s history that every month netted a positive
increase for the overall index, and it increased a total during the year of
21.7%. The same index by October reached a record set 20 years prior by
recording its 6th straight day ending in a new all-time high.
President Trump’s efforts to increase
jobs through growth paid off as regulations were cut and industries like coal
and oil were virtually opened up for business through regulation cuts. In
addition, the tax code was revamped resulting in a tax regime that is more
business and individual friendly. Tax rates were cut and Americans and
American companies were awarded significant changes to their tax rates starting
in 2018.
For individual tax payers the Trump
tax cuts will lower rates and double the amount of standard deductions from
each payer’s tax bill. Corporate results will be just as significant with the corporate
rate being cut from 35% (one of the highest rates in the world) to 21%.
As a
result of these tax cuts, most US Corporation will deliver a net income in
their financial results that is 14% greater than prior year. This starts in the 1st Quarter of 2018 and the results for
many major companies will begin being reported in the next few weeks. This means that for every large corporation
reporting financial results in the US, the net income after taxes will be
increased by 14% – an unheard of increase!
With many companies reporting their
best year’s results ever in 2017, and the economy on fire, and taxes being cut
by 14% – expectations are that the net income for these companies in the 1st
Quarter of 2018 will be the best ever and this will continue from this point
forward!
President
Trump is doing what he promised and just because many in the
media won’t report his many successes, doesn’t mean they aren’t happening.
MAGA!
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