The stock market reached record levels following the decision that the U.S. administration will not pursue any policies that harm the U.S. economy.
According to the administration, the tax cuts are expected to stimulate growth and are anticipated to help companies attract investments more quickly. It is likely that we will see a significant increase in corporate investment activity in the second half of the year.
The decline in the dollar, interest rates, and oil prices is expected to stimulate economic activity and contribute to reducing the budget deficit.
As a result of the tax bill, it is expected that 16 million people in the U.S. will lose their health insurance. Therefore, they will be required to work at least 20 hours per week to qualify for social benefits.
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