Ark’s Cathie Wood calls for tax clarity as she rides ’Trump bump’
Live MintBy Suzanne McGee Dec 27 - U.S. tech investor Cathie Wood is calling on Donald Trump's incoming administration to boost economic growth and policy certainty by backdating promised corporate and personal tax cuts to Jan. 1, 2025, she told Reuters. Wood has publicly backed Trump's economic platform, arguing that his plan to unleash deals, promote innovation in crypto and artificial intelligence, and cut red tape and government costs will make life easier for corporate America. While Wood said she does not generally support tariffs, which act as a tax increase on goods, Trump's threat to hike them on major trading partners appears to be a negotiating strategy. Although some of the market exuberance over Trump's victory has fizzled, Wood said she believes the Trump bump, which has benefited crypto, small-cap and financial stocks, will eventually spill over into more of the market.
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