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Market Update

Which Stocks Benefit From Biden's Infrastructure Plan?

The proposed plan could be passed this summer, but related stock valuations remain uncertain.

At a current price tag of over $2 trillion, the American Jobs Plan would provide a boost to a wide range of sectors and companies, reinvigorating traditional U.S. infrastructure as well as supporting new nontraditional infrastructure programs. However, this is not a free lunch for the U.S. equity market, as the proposed increases in the corporate and global intangible low-taxed income tax rates to pay for the plan will be a headwind.