It may be a tough quarter for banks this earnings season, but banks are going to benefit from lower corporate tax rates in 2018, analysts say. (cnbc.com)
It will lower corporate tax rates from 35 % to about 20 %, while possibly knocking public school budgets and salaries for firefighters. (qz.com)
On the plus side, the reduction in corporate tax rates will mean companies should have lots of cash to fund acquisitions, which could increase the value of private equity - owned companies. (fortune.com)