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For many businesses in the United States, there is excitement in the air, and rightly so. 2017 was characterized by increased corporate earnings and an improving labor market with real wage growth. Consumer confidence reached a 17-year high. And, not surprisingly, the Stock Market benefited from the passage of the Tax Cuts and Jobs Act, which reduces corporate tax rates to 21% for C Corporations and lowers individual tax rates.
However, the initial stated aim of the Republican Tax Cuts and Jobs Act was to simplify Continue Reading