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ARTICLE · 21 NOVEMBER 2016

2016 Post Election Tax Law Update

Reinhart, Boerner, Van Deuren SC
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The recent presidential election increased the likelihood of a significant change in the tax law. During the campaign, President‑elect Donald Trump outlined a number of tax proposals.

United StatesTax
Michael Goller
Michael Goller
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The recent presidential election increased the likelihood of a significant change in the tax law.  During the campaign, President‑elect Donald Trump outlined a number of tax proposals.  Also, it is possible that during the remaining "Lame Duck" session, Congress may make some tax law changes before President Obama leaves office.  Below we highlight some of these proposals and possible changes.

Campaign Proposals

During the campaign,  Trump proposed reducing the number of individual income tax rates; lowering the individual income tax rates for most taxpayers; lowering the corporate tax rate; and repealing the Affordable Care Act ("ACA") (including, presumably, the ACA's tax‑related provisions).  In his campaign materials, Trump highlighted several goals of tax reform:

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