Last year, Wall Street insider and financial investment guru Paul Mampilly predicted that the political landscape of the US in 2019 will greatly benefit businesses. According to him, the leadership of President Donald Trump will push on its deregulation moves. As a result, businesses will have more freedom regardless of industry and size.
The victory of the Democrats in the midterm election last 2018 indicates a potential gridlock in the lower house most often, which is actually very beneficial to businesses. The holdup could mean that new legislation that could impact the productivity of the business will most likely not pass considering either party will prevent each other from passing important legislation. Although this may not look appealing to the image of the US in general, it certainly means enabling businesses to have more freedom and operating more freely without the fear of changes in regulations, taxations, and compliance.
With this, the US will become ripe for business investments. In addition, another benefit that businesses will surely enjoy from the current political condition in the country is the Tax Cuts and Jobs Act. Initiated in 2018, this tax reform is a business-friendly move pioneered by the Trump administration. It decreases corporate income tax rates, increases the ability to remove expenses from investments, and paves a way to earn more money abroad.
About Paul Mampilly
Paul Mampilly is a veteran financial expert who has spent his career in Wall Street for more than 20 years. He founded the newsletter titled Profits Unlimited, which currently has more than 130,000 subscribers. Currently, Paul is one of the senior editors of Banyan Hill Publishing Company.
Over the course of his career, Paul Mampilly served as a hedge fund manager, a portfolio manager, and a top research analyst to name a few. He took his master’s degree at Fordham University. Paul is a native of India and moved to the US when he was 18 years old to pursue his college education.
His newsletter, Profits Unlimited now serves as a guide to thousands of investors who would like to maximize their earning potential in the investment market. Paul has been featured in various financial media outfits like Bloomberg, CNBC, and Fox Business News.