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The Blue Wave and Taxes
What a Biden Administration Means for Business Owners… and Logistics
On November 3, the American people voted. We still don’t know the full and final election results, due to unprecedented volumes of vote-by-mail. However, the New York Times just called the White House election in favor of Biden. In addition, polling suggested a Democratic sweep of the White House, Congress, and Senate, although the Senate results will now depend on January runoffs in Georgia. Meanwhile, Wall Street increasingly expects a Blue Wave.
Let’s take a closer look at the Democratic wins and their implications for business owners.
First, in the Presidential election, Biden is currently favored by an 87/13 margin.
Second, in the Congressional elections, Democrats are even more likely to maintain their advantage.
Third, in the Senate, Democrats are currently predicted to win by a 52/48 margin.
