Stocks rally on odds of GOP keeping Senate and stopping tax hikes

[Counselor706]

Wharton professor Jeremy Siegel on Wednesday attributed the stock market’s post-Election Day rally to the prospect of continued divided government reducing the chances for tax hikes.

“The [Biden] tax increase was a big potential negative. That is off the table,” Siegel said on “Squawk on the Street,” despite predicting that Democrat Joe Biden would ultimately beat President Donald Trump.

Without both the Senate and the House in Democratic control, it would be unlikely that a president Biden would be able to pass his proposed tax increases on corporations and capital gains.

Source

 

[PinusPonderosa]

OH NOES!!!

The (D)'s won't get their 800.000.000% tax on everything everyone owns.....how will progress happen now?

 

[WillJ8787]

That's not why it rallied....we all know why it's going up.

 

[PinusPonderosa]

That's not why it rallied....we all know why it's going up.

It's not because the communist took the WH.