Opening Thought
In a little more than 60 days the US “off-year” elections will be held, in which all 435 House seats and 34 of the Senate seats will be contested. Currently, the Democrats have a slim majority of 12 in the House. There are 50 Republican Senators, 48 Democratic, and 2 Independents who tend to vote Democratic.
Depending largely on inflation but also on trust in the President, supply chain issues, covid, immigration, abortion, Ukraine, and other major issues, the elections could either enlarge the Democratic majority or completely reverse it in both Houses. Off-year elections have two consistent features: The party of the President usually loses seats, and there is a very low voter turnout (about 40%, vs. 60% in presidential elections).
This election affects people far beyond the US. My advice to you in the consulting profession is to stay out of politics when engaging your clients, prepare for either party gaining and the ensuing likely policy effects on business (more or less regulation, more or fewer taxes, etc.).
You and your clients should control what you can control.
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