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Hedge fund billionaire Howard Marks is throwing cold water on the GOP tax law

Howard Marks

  • Many companies have welcomed the new tax law by announcing bonuses, wage hikes, and hiring.
  • Oaktree Capital founder Howard Marks threw cold water on the GOP tax reform in a new memo, questioning its long-term benefits and capacity to create new jobs.
  • “So call it a gift to the corporate sector if you want, but I think it’s unlikely to be much of a job-creator or long-term boon for the American middle class,” Marks wrote.

Many corporate execs are excited about the prospects of the recently passed GOP tax law, the highlight of which is a tax cut on businesses read more >>>

Source:: BusinessInsider.Com