Tech stocks and fat valuations seen as at risk in Biden’s 43 per cent tax on wealthy Americans

//Tech stocks and fat valuations seen as at risk in Biden’s 43 per cent tax on wealthy Americans

Tech stocks and fat valuations seen as at risk in Biden’s 43 per cent tax on wealthy Americans

Wall Street got its stimulus. Now it’s hearing about the bill.Aglow after trillions of dollars of government spending pushed markets to record after record in the first part of the year, securities professionals reacted cautiously to President Joe Biden’s proposal to raise taxes on investing profits. Many counselled calm, pointing to the likelihood of long negotiations, while also noting the plan had the potential to provoke pre-emptive selling, cut stock valuations and slow down the rally in…

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By | 2021-04-23T02:28:52+00:00 April 23rd, 2021|Business|Comments Off on Tech stocks and fat valuations seen as at risk in Biden’s 43 per cent tax on wealthy Americans