After the most tumultuous and unpredictable campaign in modern history, Republican Donald Trump upset Democrat Hillary Clinton to win the Presidency, claiming at least 279 electoral votes (270 electoral votes to win) to Clinton's 228, with results in Arizona, Michigan and New Hampshire still outstanding, according to the Associated Press. The popular vote margin remains close, with Trump currently trailing by approximately 200,000 votes out of a total of almost 120 million votes that have been counted. Clinton's blue wall of support was pierced by Trump with unexpected wins in Pennsylvania and Wisconsin. He also won the needed battleground states of Florida, Ohio and North Carolina. With fewer losses than expected, Republicans will retain their majorities in the House and Senate, thereby controlling both ends of Pennsylvania Avenue.

A detailed analysis of the election outcomes and the implications for tax, health, energy, financial services, retirement and trade policy and legislation can be found in the attached Tax Alert. Also listen to a replay of our November 10 webcast to learn more about how the results of the 2016 US election will affect federal, state and local taxes.

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Full text of Tax Alert 2016-1910