Tax Cuts and Hikes: 3 Sector Stocks to Watch in 2024

A bill that could lead to some major tax cuts in the U.S. has been advanced. It’s named the “Tax Relief for American Families and Workers Act of 2024.” This legislation aims to enhance tax breaks for businesses and low-income families.If approved, it will increase the child tax credit. Further, it can restore business tax deductions for research and development, as well as plants and equipment. This would be effective throughout 2025.For investors, navigating these proposed tax cuts could lead to substantia ...