Key takeaways
Corporate tax cuts should support earnings, but the impact to GDP growth may be limited due to a relatively low fiscal multiplier.
The financials and consumer discretionary sectors appear best positioned to benefit from the reform, while some technology, utilities, and real estate companies may face headwinds.
Cyclical sectors and industries with a domestic focus may see the most gain, but specific company circumstances will likely matter most.
Higher-quality taxable bond issuers may benefit as well, while the most indebted borrowers could suffer.
Three tabs at the bottom link to specific sub topics.
https://www.fidelity.com/viewpoints/...l-report-taxes
Tax reform investors:
https://www.fidelity.com/viewpoints/...and-tax-reform
Tax reforms biggest changes - quick view of rate impacts:
https://www.fidelity.com/viewpoints/...oposal-details
End of year tax planning tips:
https://www.fidelity.com/viewpoints/...r-end-tax-tips
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