CLIENT QUESTION OF THE WEEK: What impact will the proposed tax hike have on the stock market?
The impact of a potential tax hike has been on many investors’ minds recently. As part of President Biden’s proposed infrastructure package, dubbed the American Jobs Act, various spending programs were included in which part will be paid for with the proposed increase in corporate taxes from 21% to 28%. This isn’t the first time the topic has come up and certainly won’t be the last, as with a new administration comes new policy.