Published 2 years ago

U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

Summary by Ground News

The $430 billion Inflation Reduction Act bill would impose a new excise tax on stock buybacks and a minimum 15% tax on corporations. The two taxes are estimated to lower 2023 earnings per share of S&P 500 (.SPX) companies by roughly 1.5%. The bill now heads to the Democratic-controlled House of Representatives, which is expected to pass it on Friday.

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Reuters

U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

The climate, healthcare and tax bill passed by the U.S. Senate over the weekend could shave corporate earnings slightly and trigger a rush of share repurchases, while giving a boost to some sectors like electric vehicle makers, biofuel and solar energy.

2 years ago·United Kingdom

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New Hampshire Union Leader

U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

The climate, health care and tax bill passed by the Senate over the weekend could shave corporate earnings slightly and trigger a rush of share repurchases, while giving a boost to some sectors like electric vehicle makers, biofuel and solar…

2 years ago

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U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

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U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

U.S. tax bill may drag on earnings, cause buyback rush; gives some sectors a boost

Coverage Details

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