While the election day dust is still settling, this episode checks in on some of the early impacts businesses should expect, like what it means for taxes, trade, and tariffs. Rohit Kumar, Co-Leader of PwC’s National Tax Office, joins host Heather Horn to provide his perspective on recent developments. 

Topics include:

0:45 - The results: what we know and what we don’t - While not all races have been called yet, we can directionally start to see where the election results are headed. We begin with an update on where we are today and what could happen next.  

8:53 - The lame duck session - Rohit explains a few of possible outcomes, touching on: another COVID-19 relief bill, federal funding, and the extension of certain tax provisions. 

19:58 - 2021 - Turning our attention to the near future, we discuss the potential ways executive orders can be used. 

23:20 - Tax, tariff, and trade - Rohit and Heather talk about the possible trajectory of policy and regulation. 

33:43 - Congress and a new administration - We close by looking at the dynamics for how congress and a new administration will work together.  

Rohit Kumar is Co-Leader of PwC’s National Tax office. In this role, he advises clients on all aspects of domestic policy, including tax policy. His insights and knowledge enable companies to assess critical policy issues more effectively and to develop legislative strategies to address those issues from both a technical and a political perspective.

Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Related content:

• PwC's Election 2020 page
• Podcast: What’s next? Looking toward 2021 on tax, trade, and regulation 

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].