As election season draws to a close, it's a great time to review what type of legislative support would be needed to pass certain policy proposals that may come forward from the Biden Administration.
It's important to remember that legislative changes take time, and it remains unclear what initiatives may take priority in the months ahead, especially with the ongoing pandemic.
It would also be foolish to think that the 117th United States Congress won't move forward with some new ideas and proposals. As has been said, "elections have consequences."
Let's take a closer look at some of the policy proposals and what they require to pass:
If you are concerned about one or more of these potential policy initiatives, please give us a call. We'd welcome the chance to hear your perspective, and hopefully, we can provide some guidance.
1. WStreet.com, January 8, 2021
This article is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax, legal, and accounting professionals before modifying your overall tax strategy.
Investing involves risks, and investment decisions should be based on your own goals, time horizon and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
Election Update: 2021 May Bring Some Changes
January 12, 2021