Analysis: Biden aims to raise corporate taxes, Trump pushes to extend TCJA and increase Chinese tariffs.

From Investing.com: 2024-07-21 05:31:02

As the 2024 elections near, Citi analyzes potential impacts on the US consumer sector based on Biden and Trump’s policies. Key themes include corporate taxation, trade policies, labor, immigration, and cannabis legislation. Biden aims to raise corporate taxes post-TCJA expiration for infrastructure and clean energy, while Trump pushes to extend TCJA and increase Chinese tariffs. Sector implications vary, with companies like STZ and NWL facing challenges from immigration and tariffs, respectively. Investors should watch these trends closely for future insights.



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