President Joe Biden signed the Inflation Reduction Act into law in August. Then he followed up with the fiscal 2023 omnibus appropriations bill on Dec. 23.
When the IRA was passed, some investors were worried that they pay a price for some of its provisions, such as a 1% tax on corporate-share buybacks or a 15% minimum federal income tax for companies. But Goldman is taking a different view with its list of companies poised to grow rapidly, in part as a result of new government spending.
Lee placed the companies into groups based on Goldman’s estimates of percentage “IRA impact” to the companies earnings per share or to their stock prices. You might reasonably expect companies tied to solar energy and electric vehicles to dominate the list, but there are also industrial names featured.
Source: News Formal (newsformal.com)
Worst president in history
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