Reported about 2 months ago
As the Democratic National Convention unfolds, investors are considering how a possible Kamala Harris administration might influence the market. Harris's proposals, including raising the corporate tax rate to 28% and addressing consumer prices, could pressure corporate profits and reshape sectors like healthcare and renewable energy. While these plans might impede consumer staples, they could also spur spending through initiatives like a child tax credit. The dynamics of Congress could present challenges for enacting these policies.
Source: YAHOO