Russ Carroll said:
Anyone who has read my posts over the past 18 months knows what a sharp critic of Pres Trump I have been. My view hasn’t changed. However, I feel I am an honest critic in that I will offer praise where it’s justified.
I had a significant OMG moment last year around this time. When I got over the total despondency of a Trump victory, I realized that the business headwinds of the previous 8 years were about to be removed, and that stocks would do well. That was true, and many, including me, benefitted from that.
I had a much bigger OMG moment over the past few days, and it’s related to the tax overhaul passed. I believe a confluence of events has occurred that will ignite maybe the biggest business expansion cycle in my lifetime, right up there with the largest ones of the 80’s and 90’s.
Why? The new tax code has multiple benefits in it that are absolutely enormous for business formation and expansion in my view, and the biggest two are:
100% expensing of capital equipment in year 1, and
20% pass-through rate for S corps and LLC’s
Even if these two provisions don't really apply to you, it will to a large number of new and existing businesses that will need products and services, creating a rich environment for entrepreneurs to thrive.
Combine this with what will actually be a tax cut for most people (despite the rhetoric telling us otherwise) and an already robust economy and you’ve created an economic juggernaut that will be almost impossible to stop.
You could not dial up much better conditions to start or expand a business than what has just occurred. Bad products fail in the best of times and the worst of times. However, if you have a good product and have skill as an entrepreneur, the window is WIDE OPEN for you, at least from my vantage point.
Respect climbed a notch Russ, I know that had to sting just a little

.....lets not forget all the choking regulations that have been removed as well.