Main Street vs. Wall Street: President Trump has promised that the tax overhaul will be "fantastic for the middle-income people" of America. The slam-dunk winners from the tax law are Wall Street and Corporate America. Wall Street wouldn't love the tax law if it were the greatest gift to workers. JPMorgan, which reported earnings last week, said that the tax law cost the company $2 billion in the fourth quarter. And CEO Jamie Dimon said that he's excited about the tax law, calling it "a significant positive outcome for the country."
Source: CNN January 14, 2018 13:45 UTC