Major Tax Regulations May Be on Chopping Block After Biden Win

President-Elect Joe Biden’s Treasury Department may try to scrutinize some of the Trump administration’s signature tax rules, especially since the potential for Republicans to hang on to the Senate would make it nearly impossible to move forward with legislative plans to roll back the 2017 tax law.

For the last three years Democratic lawmakers have framed the tax law, which passed with solely Republican votes, as a boon primarily for big companies and the rich. Biden’s campaign plan called for curtailing some of the tax cuts through new legislation—whether he can do that depends on the makeup of the House ...