Tax Tactics

Higher taxes are probably in the offing but not right now. Raising taxes while crawling out from Sars-Cov-2 is unwise. And, with razor thin majorities in both chambers and Republicans against higher taxes, the entire Democratic caucus in each chamber will have to agree. Moreover, waiting until 2022 is risky, as the party holding the White House usually loses seats in mid-terms. That probably means smaller tax hikes in fall.