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Corporate Tax Cuts Could Add 15% to S&P 500

by Emily Stewart | Mar 14, 2017   ()

The benchmark Standard & Poor's 500 index could rise by as much as 370 points, or about 15%, over the course of the next year if President Trump and House Republicans achieve a 10% reduction in the corporate tax rate, according to an S&P analysis.

 

GOP promises of across-the-board tax cuts for American companies have helped drive markets higher in recent months, and potentially for good reason. According to an analysis from S&P Global Market Intelligence, a 10% decrease in the corporate tax rate (a less aggressive reduction than what Republicans have put forth) could drive the S&P 500 up by 15% over the course of a year. Read More

Source: The Street
Source: The Street

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