TAX ALERT 2016‐5 DECEMBER 2016 The 2016 Election: Tax Changes Expected INTRODUCTION The election of Donald Trump as President is expected to lead to significant tax law changes. The tax changes may come in two parts: (1) from the repeal of the Affordable Care Act (ObamaCare) and its related taxes and (2) from comprehensive tax reform. Since Republicans will also have majorities 1 in both the House and Senate, it is anticipated that such changes could be undertaken without the need for bipartisan support. It is likely that the