The Wall Street giant said Warren and other contenders' plan to reverse Trump's tax cuts would cut corporate profits on a per share basis.
Elizabeth Warren is emerging as one of the favorites for the Democratic nomination for president, says Goldman Sachs, citing polling data and market predictions. Warren has said she would, if elected, roll back Trump's tax cuts. The bank says that rolling back corporate tax back to 26% from 18% before Trump's tax cuts would eat into S&P earnings by 11% on a per share basis. View Business Insider's homepage for more stories.
Elizabeth Warren is emerging as one of the favorites for the Democratic nomination for president, says Goldman Sachs, citing polling data and market predictions. Warren has said she would, if elected, roll back Trump's tax cuts. The bank says that rolling back corporate tax back to 26% from 18% before Trump's tax cuts would eat into S&P earnings by 11% on a per share basis. View Business Insider's homepage for more stories.
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