Mark Gongloff, Columnist

Corporate America Has 1.64 Trillion Reasons to Love Tax Cuts

The earnings windfall is much bigger than expected.

May 25, 2018 at 8:31 PM UTC

Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal.

President Donald Trump, flanked by Republican lawmakers, celebrates Congress passing the Tax Cuts and Jobs Act on the South Lawn of the White House on December 20, 2017 in Washington, DC.
Photographer: Chip Somodevilla/Getty Images North America

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Welcome to Bloomberg Opinion Today, an afternoon roundup of our opinions on business, politics, markets, technology and more. New subscribers can sign up here.

Stocks flailed. Trump is saving jobs in China. The on-again/off-again Trump-Kim summit might be on again.