Senate Unanimously Advances Bipartisan Tax Bill Before Midterms

US Politics20 days ago

The US Senate on Wednesday forwarded a set of administrative corrections for the federal tax system to the House of Representatives. The bipartisan legislation cleared the upper chamber via unanimous consent, completing the final push for tax policy before the body's upcoming recess.

The fixes are intended to streamline interactions between taxpayers and the Internal Revenue Service to make them less burdensome. The measures now move to the House as lawmakers approach the midterm elections.

Mapped to your portfolio

Possible scenarios

42%Fast Pre-Election Enactment+0.3%
28%Lame-Duck Bargaining+0.1%
18%Narrow Crypto Deal+0.1%

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Senate Unanimously Advances Bipartisan Tax Bill Before Midterms

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United States Senate United States House of Representatives Internal Revenue Service

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

42%Fast Pre-Election Enactment+0.3%
28%Lame-Duck Bargaining+0.1%
18%Narrow Crypto Deal+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.