As Americans head to polls in one of the highest turnouts for midterm elections, several major issues are on the table, such as tax policy changes that will have a significant impact on Americans’ personal financial situations.
Tax policy involves everyone from the average earner to the richest Americans, and accounts for deductions and incentives, which ultimately decide how much disposable income ends up with each household after paying the state. Like all major issues, Democrats and Republicans have prioritized different aspects of the tax policy, which will reflect in regional economic trajectories based on who gains the upper hand after votes are counted.
