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Company tax hike might take a chew out of S&P 500 earnings development in 2022, Goldman’s Kostin says

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David Kostin, Goldman Sachs chief U.S. fairness strategist, speaks throughout an interview with CNBC on the ground of the New York Inventory Trade, July 11, 2018.

Brendan McDermid | Reuters

President Joe Biden’s proposed tax improve would take a serious chew out of the earnings numbers that buyers are specializing in proper now, based on Goldman Sachs’ David Kostin.

The agency’s chief U.S. fairness strategist mentioned on “Squawk on the Street” that his purchasers are speaking about company earnings in 2022, the place there’s a variety of development outcomes based mostly on the trail of company taxes.