How Midterms Could Impact Tax Policy

What could the 2026 midterm elections mean for tax policy—and how much could actually change?

In this episode of Let’s Talk Tax, Dave McGuire sits down with Ashu Mahal, CPA, J.D., to discuss the tax policy landscape heading into the 2026 midterm elections and what CPAs and businesses should be watching as November approaches.

They explore how a potential shift in control of Congress could influence the direction of federal tax policy, while examining why changes in political leadership may not necessarily translate into immediate changes to existing tax provisions. The conversation also looks at tariffs and trade policy, incentives designed to encourage domestic investment, international tax developments including Pillar Two, and the broader considerations shaping year-end planning.

Tune in for a practical look at what could—and may not—change after the midterms and the issues CPAs should keep on their radar as they advise clients through the remainder of 2026 and beyond.