Breaking News: Kamala Harris' Corporate Tax Hike Could Impact S&P 500 Earnings
Find out how U.S. Vice President and Democratic presidential candidate Kamala Harris' proposed corporate tax increase could affect S&P 500 companies ahead of the November elections. Analysts at Goldman Sachs predict a potential 5% decrease in earnings if Harris' tax hike to 28% is implemented.
On the other hand, Trump's proposed tax relief could boost S&P 500 earnings by 4%. Goldman Sachs estimates that each 1 percentage point change in the U.S. statutory domestic tax rate could impact S&P 500 earnings per share by about $2.
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