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

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 enhance would take a serious chew out of the earnings numbers that buyers are specializing in proper now, in keeping with Goldman Sachs’ David Kostin.

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

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