November 17, 2020

A Post-Election Tax and Economic Analysis with Russell Goldsmith, Jason Furman and Phil Holthouse

Economic relief legislation, the roll-out of an effective Covid-19 vaccine and possible long-term strategies to combat climate change were all on the table during a virtual conversation between City National Bank and RBC Wealth Management-U.S. Chairman Russell Goldsmith and two experts who know about the challenges that await President-elect Joe Biden when he is sworn into office on Jan. 20, 2021.

Placing partisan politics aside, Goldsmith led an analysis of what the country could expect from a likely divided Congress and the Biden administration next year, including possible tax and estate planning strategies to deal with the changes that could occur under the president-elect.

The video highlights key insights from:

  • Jason Furman, Ph.D., who served as a top economic advisor during the Obama administration, ultimately chairing the Council of Economic Advisers from 2013 to 2017. Furman helped shape the federal government's fiscal response to the 2008 recession and currently serves as a professor at Harvard University's John F. Kennedy School of Government and a senior fellow at The Peterson Institute for International Economics.
  • Phil Holthouse, founding partner of Los Angeles accounting firm Holthouse, Carlin & Van Trigt. Holthouse has more than three decades of experience solving complex tax issues for clients in real estate, private equity, professional services and the family office sector. He has published a number of technical articles on tax issues and is a frequent speaker at The USC Gould School of Law's Tax Institute.

In making sense of competing realities during an uneven economic recovery and what is likely to be a difficult winter, Goldsmith, Furman and Holthouse cover what Americans should anticipate in the new year from the economy and the financial markets.

The opinions expressed in this presentation are solely the personal views of the speakers and do not represent the views and opinions of City National Bank.

In this election season and always, City National Bank remains committed to delivering objective, nonpartisan market analysis and investment guidance, with the goal of helping our clients make informed financial decisions. 

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This presentation is for general information and education only. It is provided as a courtesy to the clients and friends of City National Bank (City National). City National does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the speakers or persons quoted as of the original date of the presentation with no obligation to update or notify of inaccuracy or change. This presentation (or any portion thereof) may not be reproduced, distributed or further published by any person without the written consent of City National. Please cite source when quoting.

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