Source: Bernard Yaros, Regional Financial Review, Vol. 29 no. 2, October 2018
Though midterms do not have much of an economic impact via policy uncertainty, they can still affect the economy by altering the course of federal fiscal policy. This is exactly what we expect to happen after the 2018 midterms. This article discusses how tax legislation, annual appropriations, and other areas of fiscal policy could change depending on the composition of the next Congress.