The Midterm Elections: Implications for Tax Policy

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A roundup of the November 6 midterm election results. Asha Glover and Stephen Cooper discuss what changes to look for in the new Congress, including the makeup of the House Ways and Means Committee and the tax agendas. Paul Jones and Lauren Loricchio discuss the results in the state gubernatorial races as well as the tax ballot measures approved by state voters.

For more coverage in Tax Notes, see:

• Senators Agree on IRS Reform, Extenders as Lame-Duck Priorities
• Brady Eyes Dozens of TCJA Technical Fixes in Lame Duck
• Ways and Means to Review Tax Extenders This Week
• Tax Committees Brace for Turnover in Next Congress
• Trump Open to Corporate Rate Increase to Get Middle-Income Tax Cut
• Neal Wants Trump to Voluntarily Give Up Returns
• Gubernatorial Winners Set to Advance Tax Proposals
• Voters OK State Tax Ballot Measures on Marijuana, Income Tax Cap
• Midterms Stifle GOP Tax Plans as Democrats Take Control in House