Evaluating Business Impact from the 2024 U.S. Election: A Comprehensive Guide
The 2024 U.S. presidential election has concluded, and businesses nationwide are closely monitoring the potential policy shifts that could significantly impact the corporate landscape. Our latest policy brief, “Evaluating Business Impact from the 2024 U.S. Election,” provides an in-depth analysis of these changes and their implications for your business strategy.
Key Areas of Focus:
1. Corporate Investments and Incentives:
- CHIPS Act: With a potential shift in administration, the CHIPS Act, aimed at bolstering U.S. semiconductor manufacturing, may face reassessment. Expect a more market-driven approach with reduced direct financial support for private companies.
- R&D Tax Credits: The expansion of R&D tax credits, particularly in advanced manufacturing, defense, and energy sectors, could continue, promoting innovation and competitiveness.
2. Energy Policy:
- Inflation Reduction Act (IRA): Significant opposition to the IRA’s clean energy provisions is anticipated. A rollback or scaling back of key aspects, such as clean energy tax incentives and EV subsidies, is likely, with a renewed focus on traditional energy sources like coal and natural gas.
3. Tax Environment:
- Corporate Tax Rates: The potential for further reductions in corporate tax rates could enhance U.S. economic competitiveness, encouraging investment and capital repatriation.
- International Tax Policy: Efforts to ease restrictions on repatriating profits and rollback provisions like the global minimum tax could benefit U.S. multinational corporations.
4. Small Business Support:
- Tax Relief: Continued tax relief for small and pass-through businesses is expected, potentially leading to more investment in business expansion and job creation.
5. Banking and Financial Services:
- Basel III Regulations: Modifications to Basel III regulations could prioritize flexibility for financial institutions, reducing compliance burdens for smaller and regional banks.
- Community Reinvestment Act (CRA): A more business-friendly stance on CRA could ease requirements for banks in low-to-moderate-income lending.
Why This Matters:
Understanding these potential changes is crucial for staying competitive in a rapidly evolving environment. Our policy brief provides actionable insights to help you navigate this new landscape, ensuring your business is prepared for the future.
Download the Full Report:
For a comprehensive analysis and to prepare your business for the upcoming changes, download the full report. Stay ahead of the curve with Pontex Advisors’ expert insights.
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