ties’ profits is unlikely, as the benefit would be passed on via regulated pricing. Repatriation: Buybacks could boost EPS by 3% Both Trump and the Blueprint support a mandatory (as opposed to 2004's optional} tax of overseas earnings of US firms’ subsidiaries at reduced rates. Non-Financials in the S&P ho

US Quant Strategy Below we calculate the potential impact to sectors’ EPS under various buyback scenarios. Differences are small under the Trump vs. Blueprint tax rates. Table 12: Impact to sector EPS from various buyback scenarios under Table 13: Impact to sector EPS from various buyback scenarios under T

orporate tax rate; a 25%businesstax rate for pass- through entities; and individual rates set at 12% 25% and 33% Once the details are hashed out, the Blueprint could present just as many trade-offs as previous serious tax reform proposals. While the mix of winners and losers may be different than under other