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Nasdaq 100 Futures - Jun 24

CME
Currency in USD
Disclaimer
17,742.00
+174.50(+0.99%)
Delayed Data

Nasdaq 100 Futures Discussions

I am thinking the guys and gals on Wall Street are looking at this and saying... let's go buy up these contracts because tech companies are going to benefit so much from an increase in their corporate taxes next year and the economy is going to reopen so all those profits that were generated due to the pandemic will no longer be there for certain tech companies. Yup, it seems like people will make money buying at these prices. (just being sarcastic).
 President Biden wasn't just talking about taxing the wealthy. The Democrats intend on raising corporate taxes. At his press conference today, President Biden criticized his predecessor for cutting corporate taxes.  How will raising corporate taxes benefit companies?  How will raising corporate taxes increase employment?
By the way, the corporate tax rate is 21%. President Trump reduced the corporate tax rate from 35% to 21% by the 2017 Tax Cuts and Jobs Act.
Rich dont pay income taxes, neither do corporations. Its passed on. This is a farce. It does hurt the consumer though, which could negatively impact investment and the economy as a whole.
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