The Election Connection Series: Implications of the 2024 US Election: Tax Segment

In the weeks leading up to the 2024 US election, teams from Mayer Brown are analyzing the key policy issues on the ballot through our series, The Election Connection. This series offers guidance on how to prepare for and respond to the election results, which are poised to significantly shape the regulatory, economic, and social environments in which businesses operate.

On Tuesday, October 22, Warren Payne, Sonal Majmudar, and John Merrigan discussed critical tax issues at the forefront of this election. Both presidential candidates have developed extensive proposals for a comprehensive 2025 tax reform bill. Every American business and taxpayer may be affected as Congress negotiates corporate tax rates and top marginal rates for individuals, capital gain tax rates (potentially including tax on unrealized gains), potential extension of tax various credits, and estate taxes — along with a host of less recognizable tax code provisions that can profoundly impact American taxpayers.

To watch previous segments in this series and stay up to date on important legal developments related to the upcoming presidential election, please visit our Election 2024 Resource Center.

For additional information, please contact Annie Rumm at arumm@mayerbrown.com.