![]() That could be good news for the industrials and materials sectors of the equity market-and possibly good for bond yields if Congress raises taxes to pay for it. On Tuesday, the busiest primary day so far of the 2022 midterm elections, there were mixed results for Republican candidates endorsed by former President Trump. On the policy side, a Democratic sweep would likely change the fiscal spending outlook, with infrastructure spending a possible priority. Even if the Democrats take the Senate, they won’t have a two-thirds majority. midterm congressional elections is understandable given that prediction markets are indicating a high likelihood of Democrats losing control of at least one chamber. The S&P 500 Index was up roughly 36% as of September 24, and tax reform has likely been a big driver of that performance.Īny move by a Democratic Congress to impeach Trump could roil markets somewhat-even though the chances of Trump actually being impeached and convicted (it takes 67 senators to convict) appear slim. Why the 2022 midterm elections matter and the effects they may have on tech, taxes, healthcare and more. The latest results from the Colorado primary ahead of the 2022 midterms. We would expect this outcome to inject volatility into a US stock market that’s done well since Trump was elected. Read more about 2022 midterm elections from The New Yorker. That could put some key elements of tax reform, including the reduction in corporate tax rates and the top income tax bracket, at risk. On November 6th (and for several weeks before, in the many states that permit early voting), Americans will go to the polls to choose all 435 members of the. Total control would give the party the power to block presidential appointments and would raise the odds of a Democratic candidate winning the White House in 2020. The GOP will start with a higher base of safe House seats than Democrats over the next five election cycles. He has published books on political communication topics, including Presidential Campaigning and Social Media: An Analysis of the 2012 Campaign (with John Allen. Don Youngs death on March 18 has some voters. A Democratic sweep of Congress, though a less likely outcome, could be more disruptive. The huge number of candidates and the short timeline for holding the election after Republican U.S.
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