A Few Tremors, No Major Quakes in Equities After Tax Proposals
- Preservation of 401(k) protections lauded with corporate cut
- Issues seen with possible skimping on help for small business
Ryan Says Tax Plan Delivers 'Real Relief' for the Middle
This article is for subscribers only.
It sent a quick shock through a couple odd corners of the market, but in the end the House’s tax proposal blended enough risk and reward for equity investors to leave them unfazed. Concern among bulls that they may have been mildly misled about the benefits to business was mixed with relief about retirement-account limits.
There were exceptions to the prevailing calm. Homebuilder stocks fell on concern about mortgage interest deductions, and companies with weaker balance sheets that may lose deductions on debt expense slipped.