National Association of Insurance and Financial Advisors

It’s All-GOP for the 115th Congress

November 11, 2016

In a profoundly unpredicted election on November 8, Republicans swept the White House, Senate and House of Representatives. So, in January an all-GOP federal government will convene. Some think the election results mean that establishment Republicans face as much of a challenge as defeated Democrats.   Donald J. Trump will be the 45 th President of the United States. As of early on November 9, President-Elect Trump had won more than the 270 Electoral College votes needed to be elected Pr...

Legislative Priorities Next Year May Include Taxes, Health Care, Regulations

November 11, 2016

Next year’s all-Republican federal government is likely to focus early on tax reform, health care reform—repeal-and-replace of the Affordable Care Act (ACA), and repeal of some widely controversial Obama Administration regulations. Also likely to garner early attention are immigration and trade issues. Another key issue that may emerge early is reform of the Dodd-Frank Financial Services Reform law.   Below is an early peak into the crystal ball to assess what may be coming next year.  ...

Trump Tax Reform Plan Sets Up Significant Issues for NAIFA Members

November 11, 2016

President-Elect Donald J. Trump’s tax reform plan sets up many important issues for NAIFA members and their clients. The first version, released in September of 2015, suggested taxing life insurance inside buildup for high-income individuals. That proposal is absent from his second proposal, which was released a year later, in September, 2016. But both proposals would, among other things, cut both business and individual tax rates. Also in the most current version of the Trump tax reform plan...

ACA Repeal-and-Replace Teed Up for January Action

November 11, 2016

Just before election day, President-Elect Donald Trump vowed early action on repealing and replacing the Affordable Care Act (ACA). His promise was to completely repeal the ACA and to replace it with a competition-oriented health reform plan.   Action on ACA repeal-and-replace is unlikely prior to the new President and Congress taking office in January. At that time, the initiative is likely to include: Complete repeal of the ACA, including its popular provisions A replacement bill th...

President-Elect Trump Vows to Repeal Controversial Regulations

November 11, 2016

Among President-Elect Trump’s campaign promises was one to immediately repeal President Obama’s “unconstitutional” executive orders and to reverse many controversial Obama Administration regulations. Among the possibilities for an effort to repeal regulations are the Department of Labor’s (DOL’s) fiduciary and overtime rules.   There are many regulations promulgated in the past year or two that have drawn Congressional GOP ire, including union/labor rules, environmental rules, tax rules (...