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.
The November elections are less than a week away, and the outcome will have wide-ranging impacts. Former President Donald Trump and Sen. JD Vance (R-OH) were formally nominated for president and vice president, respectively, at the Republican National Convention in July, and Vice President Kamala Harris and Minnesota Governor Tim Walz accepted the Democratic nominations for president and vice president, respectively, at the Democratic National Convention in August.
Following the conventions, Brownstein compiled summaries of the key policy positions held by Harris, Trump, Walz and Vance, in addition to high-level scenario analysis that outlines how different election outcomes could impact these topics next session.
These materials have now been updated to reflect the candidates’ latest policy positions on these issues heading into election day:
- Tax and Economy
- Financial Services
- Housing
- Healthcare
- Immigration
- Trade
- International Affairs
- China
- National Defense
- Labor and Workforce
- Education
- Agriculture
- Energy and Climate
- Transportation
- Tech, Telecom and AI
About Brownstein Hyatt Farber Schreck
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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.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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