Cathie Wood

And I'm standing on the shoulders of all the people who did all that research.

So thank you.

Have a good one.

Bye-bye.

Bloomberg Audio Studios.

Happy New Year, Carol and Tim.

Very happy to be here again.

I think we're very focused on the deregulation, lower taxes, and what we believe will be lower inflation, much lower inflation, and lower interest rates in the US.

And we think the combination of those

is actually going to drive the returns on invested capital in the US up relative to those in the rest of the world.

And I think many people are underestimating, especially on the corporate tax side, that thanks to the new depreciation schedules

our effective corporate tax rate, not the statutory, but the effective, will drop to one of the lowest in the world at roughly 10%, certainly near a record low for the U.S.

You know, it's very interesting.

Maybe a lot of your guests have been talking about the depreciation schedules, how

how massively they are going to encourage capital investment here in the United States.

So we've never had full depreciation in year one of manufacturing facilities, full depreciation in the first year of service.

That means corporations will get huge tax refunds that they will be able to reinvest into innovation because we also equipment, domestic R&D and software.

Those three, full depreciation, first year of service, that has been legislated.

Normally we get, oh, a few years of this, you know, this cut and that cut.

But that has been legislated.