Reported about 1 year ago
Experts on Wall Street are cautioning that the upcoming presidential election will be critical for tax policies and their impact on the markets. Concerns about higher deficits and the potential implications of a second Trump presidency have led to spikes in Treasury yields. The 2017 Tax Cuts and Jobs Act, which lowered corporate tax rates and individual tax rates, is set to expire next year. While Trump's presidency could potentially extend these tax cuts, some pros warn that it may not guarantee a positive outcome for investors, as bond vigilantes and concerns about increasing debt could still impact the market. Both sides of the aisle are showing hesitance towards extending tax cuts due to worries about the growing fiscal deficit.
Source: YAHOO