A Massive Tax Battle Looms

“Presidencies are unpredictable — no one can be sure what challenges Joe Biden or Donald Trump would face in a second term. But there is one that’s 100% certain: A colossal multi-trillion-dollar fight over taxes that’s likely to be one of the biggest lobbying battles in policy history,” Semafor reports.

“With large chunks of the 2017 Tax Cuts and Jobs Act set to expire at the end of next year, along with a key piece of the 2022 Inflation Reduction Act, whichever party wins the White House and Congress will have the opportunity to rewrite much of the IRS code.”