October 12, 2020
Updated: Post-2020 tax policy possibilities | A Biden presidency and Democratic Senate could bring change to the course of tax policy
The 2020 presidential election season has been anything but typical, with the unprecedented circumstances of the coronavirus pandemic and a focus on racial injustice. Mainstay election issues of the economy and health care are viewed through the lens of crisis: reopening the economy is at odds with curbing the spread of the virus, and that tension has created economic uncertainty that the nation is not likely to completely get beyond for some time. How tax and economic policy will be addressed if Democrats are in control in 2021 is gaining attention. EY's Washington Council Ernst & Young LLP examines these issues in the attached article, which has been updated to reflect recent developments.
Post-2020 tax policy possibilities