President Biden has proposed a $1.9 trillion relief package that will put pressure on lawmakers to offset the spending with tax increases or federal borrowing. During his campaign, President Biden supported tax increases on the wealthy, which he identified as individuals earning more than $400,000 a year. For these taxpayers, President Biden favors the following […]
Read moreNow that the Georgia Senate runoff results are in and we know definitively that the White House, House of Representatives and Senate will be under Democratic control, we have a better idea of what tax policy may look like in 2021 and beyond. We can expect the House and Senate to pass substantive tax legislation, […]
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Democrats Jon Ossoff and Raphael Warnock have now won the January 5, 2021, Senate runoff elections in Georgia, so the Democrats will have control of the Presidency, House of Representatives and Senate, giving them a governing mandate (the Georgia runoff election results have not yet been officially certified but this will take place before January 20, […]
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