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AmCham Shanghai's Tax Committee invites you to join an offline presentation on the US Tax Policy Forecast for the 117th Congress on Wednesday,December 10 from 2:00 - 3:30 pm.
Background of the topic:
With the presidential election likely decided and the composition of the House of Representatives and Senate in the 117th Congress primarily determined, this presentation will take a closer look at the US tax policies that are likely to surface in the next two years. Implicitly on the ballot in the November 3rd election was the fate of President Trump's signature 2017 tax code overhaul, which, among other things, lowered the tax burden for many businesses as well as for individuals, trusts, and estates.
Joe Biden contends that the benefits of the 2017 tax reform are skewed to large corporations and more affluent individuals and has offered tax policy proposals aimed at addressing that perceived imbalance. Donald Trump, on the other hand, argues that the 2017 tax reform's temporary tax cuts were necessary to fuel economic growth and should be made permanent โ and, in some cases, even expanded.
Our presenters will provide an overview of the tax policies of the presumed winner of the November 3rd election. The discussion will cover not only key business tax proposals but also proposals relevant to individual taxpayers.
There will be a Q&A panelist session during the session.