11/06/2024

Here's How Trump's Victory May Impact Small Businesses

Tax cuts for for-profit businesses may negatively impact nonprofits

On Wednesday morning, Republican candidate Donald Trump was elected the 47^th president of the United States.

Wall Street is "cheering" Trump's triumph, per NPR, and is relieved by a "quick and undisputed election result," according to USA Today.

The Dow Jones Industrial Average rose more than 3 percent Wednesday morning, and the Nasdaq and S&P 500 rose by 1.5 percent each, hitting record highs.

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