Trump's Long-Awaited Tax Reform Proposal Will be Released Today




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Summary: President Donald Trump is expected to stick with a campaign pledge to slash the corporate tax rate from 35% to 15%. Reports also say Trump will include a tax break for child-care expenses. The blueprint is expected to have the biggest tax cut since President Ronald Reagan's presidency. The NASDAQ hits 6000 for the first time ever. It's been tech stocks that have led the market higher and they are the main reason the NASDAQ crossed the milestone. The NASDAQ is now up nearly 12% year to date, nearly double the Dow Jones Industrial Average and S & P 500. Chipotle is back. The food safety issues are going away and sales are soaring. But the restaurant chain has another headache. It says it was the victim of a data breach in March and April in its payment processing system. Today, Bank of America will hold its annual meeting, where a vote on separating the Chairman and CEO jobs will take place.