There's really only one thing Wall Street is listening for in Trump's speech to Congress

pulse

February 28, 2017 8:41 PM

Any information on his plan to lower the corporate tax rate to 15% from 35% will stand out.

Donald Trump signing an executive order withdrawing the U.S. from the Trans-Pacific Partnership trade deal

President Donald Trump will address a joint session of Congress on Tuesday night.

According to a preview from the White House, Trump will call for unity across party lines, and discuss how he wants to work with Congress to deliver on his promises, among other things.

But any information on his plan to lower the corporate tax rate to 15% from 35% will stand out to Wall Street.

"As an analyst that covers public securities, I think all of us are interested in the corporate tax rate," said Carl Reichardt, a homebuilding analyst at BTIG. "Obviously, if the corporate tax rate is cut substantially, that's going to be impactful to the companies that we cover."

Trump may not go into any more details on Tuesday besides a call to Congress for implementation, taking a cue from former presidents.

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