Federal Spotlight: One Party Control in Washington, Democrats Win Both Georgia Senate Races
January 7, 2021
On Tuesday, Democrats Jon Ossoff and Raphael Warnock defeated incumbent Republican Sens. David Perdue and Kelly Loeffler in what became the most expensive Congressional races in history. Ossoff, a film producer and investigative journalist, and Warnock, a pastor, both won by narrow margins, and their victories will change the political landscape in Washington D.C. for at least the next two years. The balance of power in the Senate was at hand and the Democrats will now control the upper chamber with a 50-50 margin plus Vice President-elect Kamala Harris as the tie-breaking vote. Democrats already controlled the U.S. House and the White House. Should Senate Democrats choose to eliminate the legislative filibuster, there is potential for negative policy changes for business including tax increases, additional regulations and legislative mandates.