Rising corporate tax could affect profit growth in 2022: Goldman’s Kostin

David Kostin, chief U.S. equity strategist at Goldman Sachs, speaks during an interview with CNBC on the New York Stock Exchange floor, July 11, 2018.

Brendan McDermid | Reuters

According to David Kostin of Goldman Sachs, the tax increase proposed by President Joe Biden would significantly reduce the profits investors are currently focusing on.

The company’s chief U.S. equities strategist said in “Squawk on the Street” that his clients are talking about corporate earnings in 2022, where there is a wide range of growth results based on the trajectory of corporate taxes.

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