Marc Gerson, former majority tax counsel to the U.S. House of Representatives Committee on Ways and Means, discussed possible scenarios for the remainder of the lame duck session and provided insight into the dynamic of the incoming Congress following a midterm election cycle that saw the House of Representatives flip to a slight Republican majority. Gerson said that an omnibus bill would be the most likely vehicle for passing a package of tax changes that already enjoy bipartisan support. "I'm very hopeful that there is an omni this year and there is a tax title. I think it is the preferred course of action to responsibly fund the government and avoid a shutdown," Gerson said, adding that the retirement of Senators Pat Leahy (D-VT) and Richard Shelby (R-AL) is a significant factor in favor of an omni as a "legacy" item for both leaders of the Senate Committee on Appropriations. "Obviously, politics plays a big part, but I'm hopeful that, in fact, there will be a significantly or sufficiently robust tax package." Taxpayers should not expect major changes to the tax code next year, nor significant tax increases, according to Gerson. Rather, the parties will spend 2023 establishing their policy platforms ahead of the 2024 elections.