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Stock impact report

$3.4 trillion in individual tax cuts are expiring next year. Biden and Trump would handle it very differently [Yahoo! Finance]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
More than $3.4 trillion in individual income and estate tax cuts – heralded by Republicans for spurring economic growth and largely decried by Democrats for disproportionately benefitting the rich – are set to expire at the end of 2025. Add in some corporate tax changes and interest, and the impact on the deficit swells to $4.6 trillion, according to the Congressional Budget Office. That means the parties whom voters select to control the White House and Congress next year will be particularly consequential. President Joe Biden and former President Donald Trump, the presumptive 2024 presidential nominees, have already laid out general positions on how they'd handle the lapsing provisions of the 2017 Tax Cuts and Jobs Act , one of the signature achievements of Trump and the GOP-led Congress in his first term. Trump and Biden's Treasury Secretary Janet Yellen are scheduled to speak Thursday to business leaders at different venues, where they are expected to touch on tax provision Show less Read more
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