Joe Biden

For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.

Warren, Biden, Sanders and Harris

Democratic presidential front-runners largely agree on their first tax priority: Scrap the TCJA and institute new levies to pay for social programs.

Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House and President Donald Trump’s trade policies.

Democrats would need to sweep the 2020 election if they want to pull the trigger to end the carried interest option.