Morning Briefing 2018-01-09

Morning Briefing. (1) TCJA is the sausage de jour coming out of DC’s sausage factory. (2) $1.3 trillion in corporate tax windfall over next 10 years has some sizeable offsets. (3) Net interest deduction is capped. (4) It doesn’t pay to have lots of debt anymore. (5) NOL deduction is also limited. (6) New rules for R&E amortization. (7) Big bonus for depreciating assets. (8) Different strokes for different folks. (9) Will the repatriated profits windfall go to buybacks, dividends, bonuses, or capital spending? Or all of the above? (10) Very interesting earnings conference calls ahead!