Reported 8 days ago
In light of Kamala Harris's proposal to raise the corporate tax rate by 33% to 28%, concerns arise about potential impacts on the stock market. Historical data shows that in previous instances of corporate tax increases since 1950, the S&P 500 index has experienced gains averaging 13%. Despite worries about current inflated stock valuations, these tax hikes have not correlated with stock market declines historically, suggesting that investors may not need to panic. However, the high valuations of the market remain an area of concern for all investors.
Source: YAHOO