How the Midterms Are Likely to Shape Tax Policy

Tax attorney Joshua Odintz was quoted in a Law360 article outlining how the midterm election results may shape federal tax policy under different congressional control scenarios. The article explored possible changes to international tax provisions, efforts to address double taxation and several bipartisan proposals involving U.S.-Taiwan tax relief, IRS modernization and a federal film and television production credit. It cited Joshua's comments during a recent Holland & Knight webinar, where he discussed how congressional control could affect legislative priorities and committees' abilities to advance their agendas, even when divided government or presidential veto authority limits the prospects for major tax legislation.

"We could go back to an era where [the Senate Permanent Subcommittee on Investigations] plays a strong role," he said of ways congressional oversight committees could factor into tax policy moves regardless of which party holds the majority.

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