The D.C. Dispatch

Bipartisan insights on a new administration

The Republican sweep in the 2024 federal election will be pivotal regarding how American tax and regulatory policy will be shaped for American businesses. The narrow margins of control of the House and Senate, however, dictate that only tax policies uniformly supported by the party are likely to become law. Assessing the potential policy outcomes should start with an understanding of what is scheduled to change and how different outcomes can impact your business strategy. Stay informed as our public policy and Washington National Tax Office professionals provide insights into the tax legislation debates and decisions to come.

SURVEY REPORT

Election, rate cuts have CFOs primed for growth

Our survey shows finance leaders’ surging optimism and confidence.

Tax and regulatory policy will inevitably change

The expiration of much of the Tax Cuts and Jobs Act at the end of 2025 means that major tax code changes will almost certainly happen next year. These changes will create tax planning challenges for both businesses and investors. The Republican election sweep will shape the outcome; and our insights discuss how these elements could come together to shape the policy outcomes in 2025 and beyond.

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Taxmageddon 2025: What the election means for tax planning

Major tax code changes are expected in 2025, complicating planning for businesses and investors.

overhead view of hand Filling calculator

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Built-in changes make 2025 a pivotal year for tax

Election winners this November have a unique opportunity to reshape tax policy.

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Ballot initiative outcomes clarify SALT taxation trends

The 2024 election decided some important tax questions in various U.S. states.

How we can help you

The election may alter your business planning and strategy. Our teams are here to help you tackle current and future challenges alongside you, designing fresh solutions with a balance of scale, skill and service you’ll only find here.

Tax Services

When leading a company today, executives must ensure their tax departments balance the interplay among managing... Show more global risks, meeting compliance requirements and achieving strategic and operational objectives, all in an unpredictable regulatory environment. Each shift presents a challenge. We understand your challenges are unique to you and tackle them by listening to learn and bringing together the right technology, people and resources to deliver tailored, streamlined and efficient tax solutions with a fresh perspective. Leveraging the latest tax automation analytics, data visualizations and personalized dashboards, our practical approach makes facing tax challenges feel easier and allows you to operate with more confidence to face the next tax challenge. Learn more -->

Federal Tax

Keeping up with federal tax requirements requires a fully skilled set of professionals who are dedicated to driving... Show more your department forward through both human intelligence and cutting-edge technology. Working closely with our Washington National Tax Office, our specialists combine creative thinking and technical skills to help extend and enhance your capabilities. From extracting hidden value from your balance sheet to helping you stay compliant with the latest regulations, our team applies practical intelligence and data-driven insights to improve competencies. Learn more -->

Human Capital Services

With the right plan in place, every employee will have an opportunity to contribute to the company’s success and move... Show more a business forward. With the skills and experience of our Human Capital Services team, we’ll work with your professionals to understand your HR and finance goals, and design a custom people plan that aligns with your business strategy. Learn more -->

Growth Advisory

The purpose of growth isn’t just to get bigger. The real value is delivered when you grow and get better. Our people are... Show more skilled at helping you create effective strategies, optimize your operations, and elevate the performance of your people so that you can grow your margins as well as your revenue. We take the time to get to know your organization from end to end so that we can help you improve your tactics, processes and technology so you can operate efficiently. We help you understand your markets and customers so you can develop products and services that will help you achieve your goals. Learn more -->

Washington National Tax Office

Grant Thornton’s Washington National Tax Office (WNTO) is a comprised of deep tax technical professionals who team with... Show more professionals in the Tax Practice toward seamless high quality client service that focuses on client-centric business and industry considerations. Our WNTO professionals advise on diverse federal, international, procedural, and state/local tax matters, staying on top of critical legislative, regulatory (IRS) and judicial developments to ensure necessary focus on the latest issues confronting taxpayers.

International Tax

At Grant Thornton, we work with you to understand your needs then implement custom solutions to help manage your... Show more business across jurisdictions. Combining our extensive technical tax knowledge with the latest technology, our professionals can work with you to develop your international tax strategy from ideation to implementation. Keeping the focus on key stakeholder outcomes and operational efficiencies, our collaboration helps to secure your tax position globally. Learn more -->

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Our fresh thinking

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Tax leaders in the media

The Atlanta Journal-Constitution

“It’s not really the Republican brand to rescind tax cuts, even if they’re not necessarily the tax cuts that they themselves would have preferred.”

— Dustin Stamper

Tax Legislative Affairs Practice Leader
Managing Director, Tax Services

Grant Thornton Advisors LLC

Learn more -->

MarketWatch

“[Estate planning is] one of the few places where it might make sense to be a little more aggressive. [In contrast,] we are generally urging caution when it comes to pulling the trigger in investment and business decisions.”

— Dustin Stamper

Tax Legislative Affairs Practice Leader
Managing Director, Tax Services

Grant Thornton Advisors LLC

Learn more -->

International Tax Review

“Even with a Trump victory, it will be very difficult for Republicans to lower the corporate rate any lower than it already is. [That’s] because they have some real deficit concerns, and there’s a whole bunch of other expiring tax provisions at the end of 2025 which they like very much and are a high priority and which they’d like to extend but are very costly.”

— Dustin Stamper

Tax Legislative Affairs Practice Leader
Managing Director, Tax Services

Grant Thornton Advisors LLC

Learn more -->

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Connect with our leaders

Mark A. Margulies

National Managing Principal, Tax Services,
Grant Thornton Advisors LLC

Mark Margulies is the national managing principal of Tax Services at Grant Thornton and a member of the Executive Committee at Grant Thornton Advisors LLC.

Fort Lauderdale, Florida

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