As a public servant working in the Treasury Department, Michael Mundaca served the nation under three different administrations. Michael Mundaca has since returned to the private sector, rejoining global accounting giant Ernst & Young (EY) as co-director of both the National Tax Department and the Americas Tax Center. 

As of August 2016, EY has noted the various positions presidential candidates Hillary Clinton and Donald Trump have taken on certain tax and investment issues. Both candidates have brought up the prevailing treatment of carried interest and have expressed the need for reforms in the business tax. In addition, Clinton believes a tax increase on those with higher personal incomes appropriate, while Trump is in favor of a sizable tax reduction for everyone. 

The two presidential aspirants are in agreement with regard to increasing investment in infrastructure. However, they have opposite views on energy. Clinton would like to remove tax incentives that have long been given to the oil and gas sector, and instead increase similar incentives for renewable energy sources to spur the sector’s growth. Trump, on the other hand, is in favor of a refocused dependence on conventional energy sources.