Trump Tax Plan Lifts S&P Profit, Harris’ Would Cut, Goldman Says
- Trump’s tax cuts could lift S&P 500 EPS by 4%, strategists say
- Harris’ corporate tax increases likely to cut earnings by 8%
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Tax policies touted in the US presidential election could have a big impact on S&P 500 earnings, according to Goldman Sachs Inc. strategists.
They estimate profits could shift in the ballpark range of 5% to 10%, depending on how the policies are enacted and whether Donald Trump’s 2017 tax cuts are allowed to expire, the team including Ben Snider and David Kostin wrote in a note dated Sept. 4.