Homebuilders gloomy, asset managers relieved over tax plan

Proposed changes in the GOP tax plan could affect homeowners in more expensive neighborhoods and car buyers interested in electric vehicles. Investors in tech companies could see higher dividends. Future retirees and asset managers are happy about a change that didn’t materialize. A look at how the GOP tax plan could impact certain industries:


The tax plan contains some unpleasant surprises for those thinking about buying a new home, particularly in high-cost areas. As a result, shares of homebuilders dropped, with luxury homebuilder Toll Brothers leading the decline.

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