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Wall Street's potential winners and losers from Trump's tax bill

The article from MSN discusses the potential impacts of Donald Trump's proposed tax bill on Wall Street, highlighting both winners and losers. The tax bill, which aims to reduce the corporate tax rate from 21% to 15%, could significantly benefit large corporations, particularly in sectors like technology and pharmaceuticals, by increasing their after-tax profits and potentially boosting stock prices. Financial institutions might also see gains due to increased business activity and potential deregulation. On the other hand, the bill could negatively affect companies that rely heavily on tax credits and deductions, such as renewable energy firms, which might see reduced incentives for green investments. Additionally, the proposed changes to individual tax rates and the potential elimination of certain deductions could influence consumer spending and, consequently, the broader economy, creating a mixed bag of outcomes for different sectors and companies on Wall Street.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/wall-streets-potential-winners-and-losers-from-trumps-tax-bill/ar-AA1G9uo3 ]