“As we enter the weeks leading up the election, the future of tax policy is certainly one of the hot topics being discussed on the campaign trail. Considering the pending expiration of the Tax Cuts and Jobs Act (TCJA), there will be a sense of urgency post-election for lawmakers to debate the future of taxes on individuals as well as businesses. Here are some thoughts on tax policy as we head toward election day: While we may see a change in party control in the House and Senate, the slim majorities in Congress we see now are likely to remain after the 2024 ballots are counted, barring any major trend changes in the remaining few weeks before the election. This will make it challenging for whoever is in the White House to pursue more aggressive tax changes since a small number of lawmakers in either the House or the Senate could derail efforts on advancing tax-related legislation.” Læs hele analysen her.
Morten W. Langer
