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Wall Street Thinks Main Street Might Win In 2026
In August of 2020, amid a late-summer melt-up in high-flying US tech stocks (remember "The Nasdaq Wh
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Cake? I was told there would be free pizza and beer!
Balvenie and charcuterie
The Bro Billionaires will still come out on top. Remember that all R&D spent in the US is immediately expensed, for tax purposes, under the OBBBA.
So: for GAAP, don’t have to expense AI investment (so EPS is not negatively impacted) and you get to simultaneously reduce taxable income for every dollar spent on AI, resulting in a lower tax bill (EPS is positively impacted).
Best of both worlds!
Thank you for “decidedly indeterminate”. I’m in long running psychological warfare with grandchildren and this will come in handy.