Chamber of Commerce wades into election season by spotlighting risk of 2025 tax hikes
Published On Oct 21, 2024, 4:27 PM
The U.S. Chamber of Commerce is actively campaigning in key swing states ahead of the upcoming elections, emphasizing the potential tax hikes projected for 2025. Several significant tax policies are set to expire at the end of 2025, which could result in a $4.5 trillion automatic tax increase affecting both households and businesses. The Chamber's initiative includes advertisements supporting candidates who favor pro-growth tax policies and opposing those who could contribute to tax hikes. The urgency of this campaign reflects the uncertainty that businesses face regarding future tax regulations and the economic growth they underpin.
Stock Forecasts
SPY
Positive
If the tax cuts are maintained or further pro-growth tax policies are adopted, businesses may see increased investment and consumer spending, positively impacting economic growth.
TBF
Negative
Conversely, if significant tax hikes are implemented, it could lead to reduced business investments, economic slowdown, and decreased corporate profitability, negatively affecting markets, especially those dependent on investment flow.
Related News
How Trump’s Stop at McDonald’s Was Covered by Partisan Media
Oct 21, 2024, 3:45 PM
Former President Donald J. Trump’s campaign event at a McDonalds in Pennsylvania was described by right-leaning outlets as a brilliant move. Left-leaning publications called it weird.
Stock futures are little changed after S&P 500's best weekly win streak of 2024: Live updates
Oct 20, 2024, 6:02 PM
The Dow Jones Industrial Average and S&P 500 on Friday registered their sixth straight weekly advance, this year's best for both benchmarks.
For Executives, ‘Defending Democracy’ Can Seem Risky
Oct 19, 2024, 8:00 AM
Even seemingly anodyne sentiments supporting fair elections have become politically charged.