Issues of Interest
Issues of Interest is a podcast for the banking and financial services industry from Baker Newman Noyes. Our accounting and advisory professionals discuss assurance, tax, business, and technology topics and trends affecting the industry.
Issues of Interest
Tax Impact of a Trump Presidency on Community Banks
In this episode of Issues of Interest, Joe Jalbert, banking practice lead, and Adam Aucoin, tax principal, discuss what they are hearing about potential tax changes in Trump’s second presidency. Adam talks about the tax changes during President Trump’s first term before outlining what came up on the campaign trail including possible adjustments to the tax rate, extensions for the Tax Cuts and Jobs Act, as well as shifts in how tipped income and Social Security benefits are taxed. Adam and Joe also discuss when these reforms could occur and steps community banks can take to be prepared for legislative updates.
