Biden, Trump tax reforms 'very unlikely' with a split Congress

The first presidential debate between President Joe Biden and former President Donald Trump interrogated immigration, economic policy, and, notably, taxes. Geltrude & Company founder Daniel Geltrude joins Wealth! to give insight into both candidates' tax policies and what they mean for Americans and the economy.
Geltrude stresses that unless the winning presidential candidate has both houses of Congress, it is "very unlikely" that there will be tax changes: "You're going to have gridlock, especially over a topic like taxes, which becomes very sensitive," Geltrude adds.
"Now, what will happen ... is the Trump tax cut will sunset at the end of 2025. So if nothing happens in terms of new legislation with taxes, we are going to go back to what the tax laws were for individuals," Geltrude tells Yahoo Finance.
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Видео Biden, Trump tax reforms 'very unlikely' with a split Congress канала Yahoo Finance