We're NOT all in the Money...

Gang: It is a good thing that the stock market is upwardly trending; however, here are the FACTS (not fake news) about whom that benefits and why. Normally I write original pieces, but the facts speak for themselves. Just copy this link and read the article--with charts and graphs for those inclined...
https://www.nytimes.com/2018/01/22/op...
Oh,and BTW, President Obama tried to cut the corporate tax rate into the 28%, but then the Republican leaders would not bring it to a vote. Here's the proof: The Washington Post
Obama proposes lowering corporate tax rate to 28 percent By Zachary A. Goldfarb February 22, 2012 
President Obama proposed a major overhaul of the nation’s corporate tax code on Wednesday, an election-year gambit that aims to draw a contrast over a key policy issue with the Republicans vying to replace him.
The plan would lower the nation’s corporate tax rate to 28 percent. At the same time, Obama wants to boost overall revenue from corporate taxation by banning numerous deductions and loopholes that save companies tens of billions of dollars a year on their tax bills.
The current U.S. corporate tax rate of 35 percent is one of the highest in the world, but the abundance of loopholes and deductions enable many businesses to pay far less than that — or nothing at all. Companies in the United States pay almost half the taxes that companies in other rich countries pay, compared with the size of the economy, according to the Organization for Economic Cooperation and Development.
And in a slap at U.S. multinational corporations that shelter profits overseas, Obama wants those firms to pay a minimum tax on their foreign earnings. He also wants to end tax breaks for companies that outsource and give new tax incentives to firms that move jobs back home.
Ironic, huh...:One more fact--remember these are facts not opinions--(from 2013): "One analysis concluded that 115 of the 500 companies in the Standard and Poor’s stock index paid a total corporate tax rate — federal and otherwise — of less than 20 percent over a five-year period. A study by the Government Accountability Office in 2008 found that 55 percent of American companies paid no federal income taxes during at least one year in a seven-year period it studied." NYTimes, same day