Obama’s $300 Billion Tax Cut Another Potential Bullish Catalyst For Equity Markets

As far as events go, the proposed $300 billion dollar tax cut by President Elect Obama is just the sort of news that market participants like to see when looking forward for clues of a turnaround.

It would represent @ 40% of the estimated $775 billion dollar economic stimulus plan intended by the Obama camp.

The tax plan would be targeted towards both individuals and businesses and likely to garner support from both sides of the aisle, i.e. Republicans and Democrats.

The financial crisis still has more distance to travel before it comes to an end, but this announcement is a mustard seed (as Larry Kudlow is fond of saying) of hope for investors, regardless of their philosophical economic orientation.

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