The KUIK Closing Market Report for Thursday, November 16:
Markets were up.
30 Year Treasury
The House of Representatives passed its version of a tax overhaul, advancing a key Republican priority. The Tax Cuts and Jobs Act, would cut the corporate rate to 20%; set up four tax brackets; and switch the U.S. to a territorial tax system. House passage is just one step. The Senate Finance Committee is working on a separate measure that differs among other things by repealing Obamacare’s individual insurance mandate. The House and Senate must agree on a single measure before sending it to President Donald Trump. The House bill passed 227 to 205.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.