Wall Street is seriously pumped about the tax plan making its way through Congress.
It's not really because investors think the proposed tax overhaul would unleash enormous growth by creating new jobs and stronger wages. Most established economists have thrown water on that theory.
That's because there's no guarantee companies would use their savings from lower corporate tax rates and repatriated foreign profits to create jobs. In fact, few CEOs have publicly made any such promise.
But Wall Street can cash in, even if Main Street doesn't.
Markets are betting that companies would use their new spare cash to help investors: by purchasing boatloads of stock and beefing up their dividends. Both outcomes can help propel the soaring stock market to new heights, even if jobs and wages don't follow suit.
"The additional cash will definitely help buybacks," said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.