The tax debate percolating in D.C. could have a big impact on stock market returns, a J.P....

|By:, SA News Editor

The tax debate percolating in D.C. could have a big impact on stock market returns, a J.P. Morgan analyst says. A Democrat idea to hike the marginal high-income tax rate and capital gains tax rate by 5% and the dividend tax rate by 24.5% would hit stocks by an estimated 7%-15%, while a Republican idea to cut the corporate rate by up to 10% would boost stocks 7%-14%.