Reported 30 days ago
As the election approaches, Wall Street is increasingly concerned that Kamala Harris's proposed tax increases could adversely affect corporate profits and the stock market. Analysts warn that her plan to raise the corporate tax rate from 21% to 28% may result in a 5% decline in earnings for S&P 500 companies. This uncertainty has led investors to seek guidance on how to prepare for potential changes in tax policy, which is emerging as a critical issue in the upcoming election.
Source: YAHOO