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vendredi 13 novembre 2020
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U.S. election results bring policy priorities into focus (Capital Group)
Now that the results of last week's U.S. elections are coming into focus, investor attention is shifting to the policy implications of a Joe Biden presidency. Bottom line: Don't expect big, sweeping changes in the years ahead. With a Democrat in the White House and Republicans likely maintaining control of the Senate, consequential changes will be difficult to achieve in a familiar environment of Washington gridlock. That may prove to be the best of both worlds from an investment perspective. "Assuming the base case of a divided government holds, major tax increases should be off the table at least for the next two years," says Jason Bortz, senior counsel at Capital Group who specializes in tax and retirement plan issues. "I think the 2017 tax cut bill — President...
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