{"id":1987,"date":"2021-01-19T16:22:29","date_gmt":"2021-01-19T21:22:29","guid":{"rendered":"https:\/\/www.thewealthguardians.com\/staging\/3023\/?p=1898"},"modified":"2022-01-06T16:52:03","modified_gmt":"2022-01-06T21:52:03","slug":"election-update-2021-may-bring-some-changes","status":"publish","type":"post","link":"https:\/\/www.thewealthguardians.com\/staging\/3023\/election-update-2021-may-bring-some-changes\/","title":{"rendered":"Election Update: 2021 May Bring Some Changes"},"content":{"rendered":"<body><p><\/p><img decoding=\"async\" class=\"aligncenter size-full wp-image-1992\" src=\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.22.21-BLOG-IMAGE-FOR-WEBSITE.png\" alt=\"Election Update - 2021 may bring some changes\" width=\"560\" height=\"315\" loading=\"lazy\" srcset=\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.22.21-BLOG-IMAGE-FOR-WEBSITE-200x113.png 200w, https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.22.21-BLOG-IMAGE-FOR-WEBSITE-300x169.png 300w, https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.22.21-BLOG-IMAGE-FOR-WEBSITE-400x225.png 400w, https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.22.21-BLOG-IMAGE-FOR-WEBSITE.png 560w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/>\n<p>As election season draws to a close, it\u2019s a great time to review what type of legislative support would be needed to pass certain policy proposals that may come forward from the Biden Administration.<\/p>\n<p>It\u2019s important to remember that legislative changes take time, and it remains unclear what initiatives may take priority in the months ahead, especially with the ongoing pandemic.<\/p>\n<p>It would also be foolish to think that the 117th United States Congress won\u2019t move forward with some new ideas and proposals. As has been said, \u201celections have consequences.\u201d<\/p>\n<p>Let\u2019s take a closer look at some of the policy proposals and what they require to pass:<\/p>\n<ul>\n<li>Repealing the 2017 Tax Cuts and Jobs Act. This type of legislation would need the approval of the House of Representatives and 51 Senate votes.<sup><sup>1<\/sup><\/sup><\/li>\n<li>Increasing capital gains taxes. Legislation of this nature also would need the approval of the House of Representatives and 51 Senate votes.<sup><sup>1<\/sup><\/sup><\/li>\n<li>Providing additional fiscal stimulus, such as $2,000 checks. For this type of measure, legislation would need to move through the House and get 60 Senate votes.<sup><sup>1<\/sup><\/sup><\/li>\n<li>Evaluate China tariffs, other tariffs. The president can use his executive authority to move these concepts forward.<sup>1<\/sup><\/li>\n<\/ul>\n<p>If you are concerned about one or more of these potential policy initiatives, please give us a call. We\u2019d welcome the chance to hear your perspective, and hopefully, we can provide some guidance.<\/p>\n<p>Give us a call at our Charlotte office at (704) 248-8549, or our Clemmons office at (336) 391-3409. Or, <a href=\"https:\/\/www.thewealthguardians.com\/staging\/3023\/landing\/?inf_contact_key=dd827bb4650f0bf88549d4f30e9761d8\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\"><strong><em><u>click here to request a no-cost, no-obligation meeting.<\/u><\/em><\/strong><\/span><\/a><\/p>\n<hr>\n<p><strong>SOURCES:<\/strong><\/p>\n<ol>\n<li>com, January 8, 2021<\/li>\n<li>Original article adapted from FMG Suite 2021<\/li>\n<\/ol>\n<p><\/p>\n<\/body>","protected":false},"excerpt":{"rendered":"<p>As election season draws to a close, it\u2019s a great time to review what type of legislative support would be needed to pass certain policy proposals that may come forward from the Biden Administration. It\u2019s important to remember that legislative [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[105,96,37],"tags":[],"class_list":["post-1987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2021-election","category-caronavirus","category-covid-19"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Election Update: 2021 May Bring Some Changes - The Wealth Guardians<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thewealthguardians.com\/election-update-2021-may-bring-some-changes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Election Update: 2021 May Bring Some Changes - The Wealth Guardians\" \/>\n<meta property=\"og:description\" content=\"As election season draws to a close, it\u2019s a great time to review what type of legislative support would be needed to pass certain policy proposals that may come forward from the Biden Administration. 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