Three things to keep an eye on under a Biden presidency

On his first day in office the President issued a directive freezing ”any new or pending rules” put in motion by former President Trump to give his administration time to evaluate which ones it wants to move forward. He is specifically concerned with regulations “harmful to public health, damaging to the environment, unsupported by the best available science, or otherwise not in the national interest,” and we have already seen the administration’s announcement that it will not enforce several of the Department of Labor’s (DOL) rules. In addition, it is widely anticipated individual and corporate taxes will be going up, and in our view, nothing is off the table, including the tax-deductibility of 401(k) contributions.

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The views and opinions contained herein are those of Schroders’ investment teams and/or Economics Group, and do not necessarily represent Schroder Investment Management North America Inc.’s house views. These views are subject to change. This information is intended to be for information purposes only and it is not intended as promotional material in any respect.