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Home / Business / Goldman Sachs warns of a democratic sweep, saying Biden’s tax plan may reduce earnings of the S&P 500 by 12%

Goldman Sachs warns of a democratic sweep, saying Biden’s tax plan may reduce earnings of the S&P 500 by 12%



On July 9, 2020, the Democratic candidate for Joe Biden, the Democratic presidential candidate, gave a speech to the workers after touring in McGregor Industries in Dunmore, Pennsylvania.

Timothy Clare | AFP | Getty Images

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Goldman Sachs warned of the rising market risks brought about by the upcoming US presidential election, saying that tax proposals that might be developed under the leadership of Democratic presidential candidate Joe Biden may greatly weaken the S&P 500 index. income.

The bank̵

7;s listed stocks are the most sensitive to potential reversals of President Donald Trump’s landmark corporate tax cuts.


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