Dark scenario from Goldman Sachs: Kamala Harris could bring a 5% drop

Kamala Harris’s plan to increase the tax on corporations in order to increase state revenues and close the financial deficit has received an important assessment from Goldman Sachs. Bank analysts warned that such a development could bring about a 5% decline in the earnings of S&P 500 companies.

Dark scenario from Goldman Sachs: Kamala Harris could bring a 5% drop

Goldman Sachs published an important analysis on the proposal of Kamala Harris, the presidential candidate of the Democratic Party in the US, to tax the profits of corporations more.

The institution, one of the largest investment banks in the US and the world, stated that the tax, which is planned to be increased from 21% to 28%, could hit S&P 500 companies by around 5%. Analysts also wrote that the introduction of a tax on outsourced income and the increase in the minimum tax from 15% to 21% could increase this impact to 8%.

In recent days, it was stated that this corporate corporate tax proposal was behind Trump’s getting ahead of Harris again in the polls.

The Bitcoin price, which has long been correlated with the S&P 500 and Nasdaq, may also be negatively affected by all these developments.

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