Potential Tax Outcomes under Different Election Scenarios

This document is a report that outlines potential tax outcomes based on the differing approaches of candidates Kamala Harris and Donald Trump as the 2024 U.S. presidential election approaches. It discusses the implications of extending the Trump tax cuts, which are set to expire in 2025, and highlights key themes such as the debt ceiling debate and fiscal discipline. The report details various tax provisions, including individual tax rates, state and local tax deductions, estate tax exemptions, child tax credits, and corporate tax rates, under different congressional control scenarios. It emphasizes the need for investors to understand the potential impacts of these tax policies on investment decisions during the election cycle. The analysis is based on the candidates' statements and aims to provide a framework for evaluating the possible fiscal landscape post-election.