Democrats Sweep in Georgia to Win Senate Control--Now What?
Corporate business taxes set to rise, but not up to 2016 levels.
Democrats pulled off an improbable double victory in Georgia, winning both special elections, an outcome we pegged at around a 20% possibility. With the Democratic candidates’ wins, the Senate makeup will be 50 Democratic senators and 50 Republican senators, with Democratic Vice President-elect Kamala Harris acting as a tiebreaker in votes.
Democrats already hold a majority in the House of Representatives, so the victories in the Georgia races mean President-Elect Joe Biden will likely have an easier time with at least some of his agenda under the new Senate control.