The 2018 US midterm elections and partial government shutdown illustrate the intensified ongoing disagreements between the political parties on how to address many issue, including tax policy, healthcare, immigration, and the environment. A key challenge facing the new 116th Congress and President Trump, will be whether bipartisan agreements can be reached to enact significant legislation with a Democrat-controlled House and a Republican-led Senate.
What should businesses think about as they approach a divided government in the United States? PwC's Todd Metcalf, former Democratic Chief Tax Counsel at the Senate Finance Committee and Janice Mays, former Democratic Staff Director and Chief Counsel on the House Ways and Means Committee, discuss below key takeaways from November's midterm elections and what companies can expect in 2019.
For further information, please contact one of our US tax specialists based in the UK (Tom Patten, Tom Carpenter, Joe Superty or Justin Mazer) or your PwC usual adviser.
