Trump and Harris Tax Plans Set to Reshape Corporate America

The 2024 election could swing corporate taxes by $250 billion, impacting both stock markets and the federal deficit.

Donald Trump proposes reducing the corporate tax rate to 15%, potentially boosting S&P 500 earnings by 4%.
Kamala Harris plans to increase the corporate tax rate to 28%, which could decrease corporate earnings by up to 8%.
Goldman Sachs estimates the contrasting tax plans could lead to a 12% swing in S&P earnings, affecting stock market dynamics.
Trump's proposed policies could add $5.8 trillion to the national debt over ten years, while Harris's plans might increase it by $1.2 trillion.
Both candidates face challenges with their economic proposals, including the potential expiration of Trump's 2017 tax cuts and the impact on the federal deficit.