Next Senate Tax Head, Crapo, Partial to Funds, Guns and Rails

We published a note this morning on the likely next head of the Senate Finance Committee (if the GOP takes the Senate) and assert that he'd favor private equity, mutual funds, gun dealers and sellers, railroads and energy producers (fossil fuels as well as hydrogen). Senator Crapo also supports federal legislation to block states like New York from maintaining its "convenience of the employer" rule - a means to capture the wage withholding tax revenue of out-of-state commuters. We found that, rather than gaining support as a result of the pandemic and the rise of work-from-home, support in the Senate for the bill collapsed. Support in the House has been consistently low. Here's the full note: {NSN RAY2C8T0AFB5 <GO>} and https://blinks.bloomberg.com/news/stories/ray2c8t0afb5