Will US Tax Changes Push Stocks Up or Down?

After-tax earnings should increase in the near-term and the bill is viewed as generally beneficial for large-cap US companies, but not in equal measure

Daniel Vaughan, CFA 1 February, 2018 | 3:02PM

Donald Trump

When President Trump took office in early 2017, he clearly wanted to deliver sweeping tax reform intended to reduce the tax burden and facilitate further growth in the real economy. Below, we run through a Q & A with both our Head of Outcome-Based Strategies in the US, Marta Norton, as well as our UK-based Associate Director in Manager Selection, Dan Vaughan, to look at how the changes, especially those for corporations, might impact the attractiveness of US equities.

Marta, what has changed?

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About Author

Daniel Vaughan, CFA

Daniel Vaughan, CFA  is a portfolio manager for Morningstar Investment Management

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