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Trump’s Business-Friendly Policies Support Goldman Sachs’ Growth

Andrew Brunton
Trump’s Business-Friendly Policies Support Goldman Sachs’ Growth

The enactment of President Donald Trump’s Tax Cuts and Jobs Act of 2017 has had an overall positive impact on Goldman Sachs’ (GS) financials. With the implementation of this act, corporate tax rates have declined to 21.0% from 35.0%. The entire financial sector has gained from decreased tax rates, as it’s among the most highly taxed industries.