HOUSE_OVERSIGHT_023069.txt
HOUSE_OVERSIGHT_023069.txt
Why This Matters
The document discusses the potential impacts of corporate tax reform on equity markets.
AI-Generated Summary
The document discusses the potential impacts of corporate tax reform on equity markets. It focuses on four key components that could have significant equity implications and assesses their impact at a market, sector, and industry level. The authors suggest that there could be a near-term boost to EPS but that the long-term impact would vary depending on the specific reforms implemented. They also discuss how cutting the corporate tax rate could add $8 to EPS and estimate that repatriation of overseas earnings could lead to buybacks that could boost EPS by 3%. The document is intended for Amanda Ens from BAML and unauthorized redistribution is prohibited.
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