In advance of the midterm elections, Marc Gerson, former majority tax counsel for the House Committee on Ways and Means, discussed the post-election tax policy outlook with Law360, noting that lawmakers could advance several popular bipartisan proposals before the end of the year, including changes to Internal Revenue Service (IRS) administration, a tax framework for crypto and digital assets, and an extension of the Work Opportunity Tax Credit. "If this was a normal year, you would say, 'Oh, my god, there's this critical mass of stuff,'" Gerson said, adding that prospects for tax legislation will largely depend on the midterm results: "The question will be: What's the fallout from the election?"