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Wall Street to open lower on worries over delay in coporate tax cuts


By Tanya AgrawalREUTERS - Wall Street looked set for a weaker opening on Friday on fears that a delay in corporate tax cuts until 2019 may stall the market rally that is partly hinged on President Donald Trump's election promise to boost corporate profits and create jobs.Senate Republicans have unveiled a tax-cut plan that would delay lowering corporate rate to 20 percent by a year and provide small-business owners with a deduction rather than a special business rate.The Senate Republicans version of the bill differs markedly on corporate, business and individual tax cuts from legislation ...

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First Published: Fri, November 10 2017. 19:23 IST