The results of the November 8 elections came as a surprise to many. Pundits had largely expected the election to maintain the status quo of a divided government, but instead, the voters handed complete control of the federal government to Republicans by electing Donald Trump as President and maintaining Republican control of both chambers of Congress.
Now, Republicans will have the opportunity to set the policy agenda and to move major pieces of legislation that could significantly impact the health and retirement systems. In particular, Republicans are actively pursuing legislation to roll back and replace key portions of the Affordable Care Act, and they are prioritizing major changes to the tax code and various regulations, which could profoundly impact the retirement system.
In the attached article, we discuss in more detail what to expect from both the Trump Administration and Congress over the coming year.