David Costin, chief equity strategist at Goldman Sachs, speaks during an interview with CNBC in the New York Stock Exchange floor, July 11, 2018.

Brendan McDermid | Reuters

President Joe Biden’s proposed tax hike would take a big boost from the profit numbers that investors are currently focusing on, according to David Costin of Goldman Sachs.

The company’s chief US equities analyst said on “Squawk in the street“His clients are talking about corporate profits in 2022, as there are a wide range of growth outcomes based on the corporate tax trajectory.