Major U.S. technology stocks look vulnerable to a corporate-tax increase that might result from a Democratic sweep in November, potentially undermining one of the strongest drivers of the market’s recovery this year.
Democratic presidential nominee Joe Biden has proposed raising the corporate tax rate to 28% from 21%, imposing a new minimum tax on U.S. companies and increasing taxes on foreign income of many U.S.-based multinationals, among other plans.
Another brainwashing tactic from media owned by big corps to average americans. Money = Power and the rich chose to use it to influence our society to accept their corruptions in the name of record stock market.
Raising capital gains tax rates disincentivizes ownership of American equities and reduces entrepreneurial ventures in the form of reduced capital.
Raising capital gains tax rates disincentives ownership of American equities and reduces entrepreneurial ventures in the form of reduced capital.
Boo hoo
Or the market will crash when too many senators get Covid and cannot come in to do their jobs!
Tough. Ya’ll have primo R nD, time to get smart
Profits for companies all the GOP news paper care about.
Here’s the thing. When faced with a high tax rate, businesses tend to reinvest in their companies rather than paying out bonuses and dividends
After Wall Street gutted my 401K and investment portfolio in 2008, I could give two shits about the Stock Market.
American lives could face another 200,000 deaths under Trump’s “no plan”.
Democrats plan to destroy America.
So they will have 10s of billions of dollars profit instead of 100s of billions. So sad....
The whole market will collapse!
The stock market is not the real economy faced by everyday Americans. Those of us in the 99% who do own stocks have them tied up in 401k or other retirement plans foisted on us by the the 1% decades ago to make us feel like our future is tied to a corrupt capitalist system.
Too powerful and need to be broken into smaller companies.
Wall Street is not Main Street. 90% of Americans live in Main Street, but only top 10% of Americans live in Wall Street.
And your point?
Democrat clowns will grant exemptions to their big tech clown donors!
Good
I can't read the article, but if there's less tech business revenue from taxation, then the tax revenue goes to improve the economy somewhere else, maybe to their consumers. It's a positive outcome if money doesn't leave the country, and it circulates in the US economy.
This is disingenuous and a lie. Corporations are taxed at a lower rate on the residual of income minus expenses. Workers are taxed at a higher rate on income before expenses.
They can afford it. Look at the cash reserves at Amazon, Google, Facebook, Microsoft. They use a lot of U.S. resources and should pay accordingly.
No jobs, no paying taxes.
Tech industry is over-inflated right now anyway. They will be just fine under Biden. Maybe these companies can learn to stop being so greedy.
Biden is Bad
The future of security prices is never predictable.
So? They make plenty. They need to pay their fair share for our national security.
But it’s ok to give the dishonest, deficit-queen four more years? Your priorities are out of whack WSJ and that’s why we canceled our subscription.
looks as some LGBT boys have WSJ in them Biden can't even do his own taxes ,and you what that moron running country tax rate under Trump for his income is 21% by his records he paid 33% ,,high school drop out even know use IRA keep from paying taxes and keep money..lol
Excellent.
It’s because for the first time ever they will be taxed like they are supposed to be. No more corporate tax cuts!
Trump Cult Kool Aid— Lies, lies and more lies.
Little bit scary for those in the industry.
Good, they need to pay their share of taxes.
Jeff Bezos approves this message.
It is a good plan .
Not only big US tech sectors, but most of sectors would face declines!
What? 10%?🤔
Great!
So they will lose a few billion in profits for the top echelons. I support this message.
Bezos with one less yacht Unthinkable
I don’t care
But a lot of people might end up being alive instead of dying from a deadly virus, so I’ll take this trade-off.
That’s okay.
Better to lose profits to taxes that benefit the middle class than to lose them to a recession caused by an inept response to a global pandemic, I suppose.
Funny how Wall Street still favors Biden. Maybe people are ashamed for not paying their fair share of taxes
Worse than these huge deficits?
Oh no
Could.
And why shouldn't they be?
And I’m sure they will just take it and won’t lay-off thousand to make up the difference
Everything should be OK based on past Data.
Yeah, but how do those compare to the gains they got from trumps 2017 tax plan? Americans don’t give a fuck about these companies, just like those companies don’t give a fuck about Americans.
8 Million more jobs though
Mitch As the SENATE MAJORITY Leader, YOUR continuing FAILURE TO NEGOTIATE & PASS the Crisis Response Fund HAS NOW resulted in *214,280 DEATHS 1K/D *30 Million unemployed *losing their healthcare WITH RECORD *Bankruptcies *Foreclosures *Evictions STOP creating uncertainty & CHAOS!
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