US Election's Impact on Corporate Tax Policy

The race for the U.S. presidency between Kamala Harris and Donald Trump is intensely competitive, particularly in key battleground states like Arizona, Pennsylvania, and Georgia. Harris and Trump have secured early wins in their respective strongholds, with the overall election outcome still uncertain as votes continue to be counted. Central to this election is the future of U.S. corporate tax policy; Trump's plan proposes reducing the corporate tax rate to 15%, potentially benefiting large corporations, while Harris aims to increase it to 28%, reducing corporate earnings. This election's outcome could significantly impact corporate America's financial future, with a potential $250 billion in untaxed profits at stake. Additionally, Trump's victory could reignite trade wars, while Harris pledges a continuation of Biden's policies with a focus on economic collaboration. The final election results are expected to be certified by December 13, following comprehensive ballot counting, including mail-in and overseas military votes.