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With narrow margins in both chambers, a handful of contests could determine the direction of the next Congress.
In brief
The narrow balance of power means a small number of competitive races could determine control of the House and Senate.
Affordability concerns, including health care, fuel and grocery costs, are expected to influence voters.
Changes in congressional control and committee membership could affect the direction of federal policy.
The 2026 midterm elections are shaping up to be highly competitive, with narrow margins in both the House and Senate leaving control of Congress uncertain.
Voter concerns about affordability, including health care, fuel and grocery costs, are expected to be major campaign themes. Several Senate races, open seats and retirements could influence the balance of power. All 435 House seats are up for election, and more than 60 members are retiring, seeking other office or have lost their primaries. Redistricting and turnover on key congressional committees add another layer of uncertainty. For businesses, the election will be important for understanding how future congressional tax priorities may evolve.
The 2026 elections will help determine the balance of power in Congress and the leadership and membership of key committees. Organizations monitoring federal tax policy should pay close attention to shifts in the congressional makeup that may affect the legislative agenda in the next Congress.
