Prospects For Tax Policy In The 116th Congress

By Evan Migdail and Melissa Gierach (November 16, 2018, 12:51 PM EST) -- For the first time since taking office two years ago, President Donald Trump will have to maneuver through a divided Congress. Once the remaining contests for seats in the House of Representatives that are still too close to call are settled, the new Democratic House majority is expected to be approximately 235 seats — a majority is 218 seats and Republicans held 235 seats going into the election. Republicans are expected to expand their current 51 seat majority in the Senate by a net gain of two additional seats. Democrats also won some state houses previously held by Republicans — Illinois, Michigan, Wisconsin, Kansas, Maine, New Mexico and Nevada — but fell short in others, notably Ohio and Florida....

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