Goldman Sachs analysts have projected that a Kamala Harris-led Democratic victory in the upcoming U.S. presidential elections would likely result in stronger economic growth and job creation compared to a Donald Trump win. Harris' proposed corporate tax hike to 28% could reduce S&P 500 earnings by about 5%, but increased spending and middle-income tax credits would boost GDP growth over the next two years. Conversely, a Trump victory, especially with a Republican sweep, may harm economic output due to increased tariffs and tighter immigration policies, potentially reducing GDP growth by 0.5 percentage points in 2025. Although Trump's proposed corporate tax cuts could arithmetically boost S&P 500 earnings by 4%, the negative impacts on GDP and job growth are expected to outweigh these benefits. Polls indicate a tight race, with Harris holding a narrow lead in some battleground states.