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U.S. small-cap firms look to spend tax savings on tech, not jobs [Reuters (UK)]

HENNESSY ADVISORS (HNNA)  More Company Research Source: Reuters
US:NASDAQ Investor Relations: hennessyadvisors.com
PDF U.S. small-cap firms look to spend tax savings on tech, not jobs | Reuters 7 Min Read NEW YORK(Reuters) - A Texas-based chain of strip clubs would go on a buying spree. A growing technology company would move fewer jobs overseas. And a regional bank would boost its spending on cybersecurity. These are some of the uses of the tax savings that small and medium-sized U.S. companies say they would pursue if the Trump administration and the Republican-controlled Congress slashed corporate taxes as promised. Small companies pay the highest taxes and they would be the main beneficiaries of such a Trump windfall. Reuters contacted the 100 largest companies by market value in the benchmark Russell 2000 index of U.S. small and mid-cap stocks as well as another 50 in the Russell 2000 with no analyst coverage. None of the 17 companies that responded to Reuters queries mentioned boosting their headcount. The administration has said the tax cuts would largely pay for themselves by spurring more inv [Read more]

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