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Tech tugs Wall Street lower, investors fret about tax cut delays
The S&P 500 has surged about 21 percent since the election of President Donald Trump a year ago, fuelled by his promises to cut corporate taxes and other business-friendly measures. Senate Republicans are unveiling a tax proposal that differs markedly on corporate, business and individual tax cuts from legislation detailed by their counterparts in the House of Representatives, Republican aides said. The Senate proposal delays a corporate tax rate cut to 20 percent by a year and provides small-business owners with a deduction rather than a special business rate, said the aides.
https://finance.yahoo.com/news/wall-street-retreats-worries-over-163245468.html?.tsrc=rss
The S&P 500 has surged about 21 percent since the election of President Donald Trump a year ago, fuelled by his promises to cut corporate taxes and other business-friendly measures. Senate Republicans are unveiling a tax proposal that differs markedly on corporate, business and individual tax cuts from legislation detailed by their counterparts in the House of Representatives, Republican aides said. The Senate proposal delays a corporate tax rate cut to 20 percent by a year and provides small-business owners with a deduction rather than a special business rate, said the aides.
https://finance.yahoo.com/news/wall-street-retreats-worries-over-163245468.html?.tsrc=rss
