Donald Trump's tax plan proposes a reduction of the corporate tax rate from 21% to 15%, potentially enhancing S&P 500's earnings by 4%. In contrast, Kamala Harris's plan aims to raise the rate to 28%, resulting in a projected 8% drop in earnings due to combined tax measures.
With a potential quarter trillion in untaxed profits on the line, corporate America faces a stark choice between Trump’s favorable tax cuts and Harris's increased taxation.
While Trump's tax cuts might initially boost corporate earnings, the threat of trade wars and higher tariffs could complicate the economic landscape for businesses.
Kamala Harris’s corporate tax proposals could mean $250 billion less for big businesses, reflecting a significant shift in the fiscal approach toward corporate taxation.
#corporate-taxation #trump-administration #harris-administration #economic-impact #2024-presidential-election
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