Congress Returns as Fiscal Cliff is Straight Ahead

Key Takeaways

House starts to assemble massive $3.5T Budget Reconciliation Bill with opposition growing from moderate Democrats in both House and Senate. Tax increases for both corporate and personal taxes part of Reconciliation Bill. New Democratic proposal would increase corp. tax to 26.5% and capital gains to 25%.Speaker Pelosi needs to navigate path for Senate passed bipartisan infrastructure bill and Budget Reconciliation.Market risk issues on the table in DC center on government shut...

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