An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
In one month, on November 5, Americans will head to the polls, concluding the race to send Vice President Kamala Harris or former President Donald Trump to the White House.
With the presidential and vice presidential debates complete, the Harris and Trump campaigns are focused on shoring up support among their respective bases and locking down key undecided voters.
Meanwhile, the battle for the 119th Congress is entering its final stretch. While the 2024 Senate map heavily favors Republicans, both Democrats and Republicans are sounding the alarm that final Senate control remains a toss-up. House Republican and Democratic leaders are canvassing the country to bolster frontline candidates and deliver their closing messages to voters.
With just four weeks until Election Day, “Elections Edge” delivers a weekly snapshot of key campaign developments, updated forecasts for the White House, Senate and House races, as well as the critical races that will likely tip the balance of power in 2025.
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
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