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‘Big positive surprise’ coming from Trump tax plan, CEOs say

Source: washingtonpost.com - Jan 24, 2018

DAVOS, Switzerland — As Bank of America chief executive Brian Moynihan travels the world in 2018, he says he keeps hearing the same thing over and over: Foreign businesses want to pump money into the United States again after President Trump’s tax cuts. Like the White House, he thinks the positive bounce from the tax bill could be far bigger than most experts predict.

There's growing cohesion among executives — cutting across industry and even geography — that Trump's tax plan is going to deliver massive new investment in the United States, which should, in turn, boost growth and employment.

At an annual gathering of top business and political leaders in Davos, CEOs are actively selling the Trump tax plan to skeptics and fighting back on the public perception that the Republican tax bill was just for the rich.

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Category: General Business