The market’s winning streak may soon come to an end. President Donald Trump has introduced the ‘Big, Beautiful Bill’, a comprehensive tax reform plan that could have a significant impact on the stock market.
The bill aims to significantly cut corporate tax rates from 21% to 15%. This change is expected to boost business profits and increase demand for stocks. However, some economists warn that it may also lead to higher inflation and reduced government revenue.
The bill has already sparked controversy among lawmakers, with some criticizing its impact on the middle class and others praising its potential to stimulate economic growth. The tax reform plan could be decided by the end of this year or early next year if Congress is unable to reach a consensus.
As the market continues to climb, investors are watching the ‘Big, Beautiful Bill’ closely for any signs of disruption. With so much at stake, it remains to be seen how the bill will ultimately affect the stock market and the overall economy.
Source: https://www.barrons.com/articles/trump-big-beautiful-bill-spoil-stock-party-c1895b88