2020 Election Analysis: What Does a Biden-Harris Ticket Mean for November’s Election and What are the Implications of Higher Taxes?
August 13, 2020
By Gerald B. Goldberg, JD, CIMA, CEO and Co-Founder
In less than 90 days, Americans will cast their ballots. All presidential elections are significant, but this one feels especially important given the COVID-19 pandemic and the economic uncertainty that has come with it. As it pertains to policy, the financial media and markets have been focused on one topic in particular: personal and corporate taxation. For this reason, we’d like to start our analysis of the 2020 election by focusing on where Biden and Trump differ on tax policy and then share our view on how changes in the tax code should impact your personal wealth management strategy.
Our goal in this election primer is not to endorse any person, party, or economic philosophy. Rather, we aim to provide a non-partisan assessment of potential outcomes, and how these outcomes may impact the U.S. economy, investment markets, and your financial wealth. As always, if you have questions about the concepts or ideas shared within this journal entry, we encourage you to connect with our team.