Mars Finance reported that on September 16, Citigroup strategists said that both Trump and Harris' political platforms appear to be unfavorable to the U.S. stock market, with the Democratic candidate's plan to raise corporate taxes having the greatest impact. Scott Chronert, an analyst at the bank, said Harris' plan would reduce the fair value of U.S. stocks by 4% to 6%. Meanwhile, the impact of the Republican candidate's planned policies ranges from 0% to negative 4%.
Strategists say Trump's plan will trigger the biggest blow to the U.S. fiscal deficit, which will become a major problem in the future. Trump promised to cut the federal corporate tax rate from 21% to 15%, while Harris proposed raising the rate to 28%. (Jinshi)
