Companies should assess Biden’s pledge to invest $1.7 trillion over the next 10 years toward the goal of achieving 100% clean energy.
Biden will want to strengthen and expand the Affordable Care Act; however, he could face Senate opposition.
We expect Biden to be more supportive of free trade, even though Biden’s “Buy American” proposal does reflect protectionism.
It remains to be seen whether the transition to the Biden administration will have a significant impact on the private equity industry.
Based on Biden’s campaign platform, long-term capital gains, currently taxed at 20%, would be taxed at ordinary income rates.