No. of Recommendations: 1
reuters.com - Wall street girds trump tariffs tax cuts volatilityExcerpt:
“Trump also wants tax reform, including reducing the corporate tax rate to 15%, for those companies that make their products in the U.S., after having cut the rate to 21% from 35% during his 2017-2021 presidency.
Such tax cuts - which will need to pass Congress - could support company earnings and sentiment for stocks, although the extent of such a boost remains to be seen.
Cutting the rate to 15% would boost S&P 500 earnings by about 4%, according to estimates by Goldman Sachs strategists.”
