The victory by Donald Trump in Tuesday’s US presidential election boosts the odds that Republicans will be able to push through a straight extension of their 2017 tax law.
A Trump win, alongside the GOP takeover of the Senate, would mean tax rates on the wealthiest and corporations won’t take a significant hit when Congress tackles how to handle expiration of much of the GOP’s signature tax law next year.
With the House undecided, it’s still unclear if Democrats will have any lever of power in Washington to counter Republicans.
Here’s how the 2025 tax fight might shape up given ...