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.
Members of Congress have returned to their home states and districts for the final weeks of the 2024 campaign with future control of Congress still up for grabs.
Pivotal House and Senate races across the country will determine whether former President Trump or Vice President Harris will preside over a unified or divided government, influencing the policy landscape for years to come.
Meanwhile, Sen. J.D. Vance (R-OH) and Gov. Tim Walz (D-MN) are set to square off in the first vice presidential debate of the election cycle, battling for key momentum entering the last month of the 2024 contest, with the Democratic ticket leading by slim margins in most national polls.
With just five 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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