Advertisement
Canada markets closed
  • S&P/TSX

    21,728.55
    +14.01 (+0.06%)
     
  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     
  • DOW

    37,903.29
    +87.37 (+0.23%)
     
  • CAD/USD

    0.7284
    +0.0023 (+0.31%)
     
  • CRUDE OIL

    79.13
    -2.80 (-3.42%)
     
  • Bitcoin CAD

    79,209.20
    -3,391.89 (-4.11%)
     
  • CMC Crypto 200

    1,202.07
    -136.99 (-10.23%)
     
  • GOLD FUTURES

    2,330.20
    +27.30 (+1.19%)
     
  • RUSSELL 2000

    1,980.23
    +6.32 (+0.32%)
     
  • 10-Yr Bond

    4.5950
    -0.0910 (-1.94%)
     
  • NASDAQ futures

    17,474.75
    -96.50 (-0.55%)
     
  • VOLATILITY

    15.39
    -0.26 (-1.66%)
     
  • FTSE

    8,121.24
    -22.89 (-0.28%)
     
  • NIKKEI 225

    38,274.05
    -131.61 (-0.34%)
     
  • CAD/EUR

    0.6794
    -0.0008 (-0.12%)
     

The Republicans are about to cut the top US tax rate and it makes no sense

The Republicans are about to cut the top US tax rate and it makes no sense

The Republican tax reform bill, which US president Donald Trump is likely to sign into law next week, would lower the federal top marginal tax rate from 39.6% to 37%. Given the current state of the US economy, no part of the bill makes less sense. The 37% rate was a last-minute surprise. In the…