Ideas & Insights

Report explores the expectations of senior executives at middle market businesses as the Biden administration takes over.

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.

PPP borrowers cannot deduct business expenses funded by a forgiven loan, but additional legislative action could permit such deductions.

Biden plans to expand Medicare, a move that the Congressional Budget Office estimates would cut drug spending by $450 billion over 10 years.

The immediate actions of the Biden administration will most likely be focused on efforts to combat the COVID-19 pandemic.

Now that Democrats’ best-case scenario in the Senate is a 50-50 split, it is safe to expect significant challenges to tax policy changes.

Biden’s victory will inevitably lead to changes at the top of key regulatory agencies, which will help him push his regulatory agenda.

Middle market consumer loan companies and loan servicers will most likely face a dramatically different regulatory environment.

With Biden’s big-ticket items such as tax changes almost certainly off the table, the focus of banking will shift to regulation.

We expect the Biden administration will bring heightened oversight of anti-competitive behaviors, and the privacy and security of data.

We expect Biden to be more supportive of free trade, even though Biden’s “Buy American” proposal does reflect protectionism.

Based on Biden’s campaign platform, long-term capital gains, currently taxed at 20%, would be taxed at ordinary income rates.

Companies should assess Biden’s pledge to invest $1.7 trillion over the next 10 years toward the goal of achieving 100% clean energy.

The new Democratic White House hopes to usher in an extended period of greater government spending.

Biden will want to strengthen and expand the Affordable Care Act; however, he could face Senate opposition.

It remains to be seen whether the transition to the Biden administration will have a significant impact on the private equity industry.

The political and social landscape in the oil and gas industry is changing, and companies without an ESG strategy will fall behind.

Rising COVID-19 cases and a failure from policy makers to pass further fiscal stimulus weighed on equity markets.

Joe Biden’s projected victory implies a possible era of significant changes to address the pandemic, expand domestic health care, and more.

New state governments set to tackle raising revenue through new and increased taxes coupled with tax-related ballot measures.