If you're one of the employers affected by the overtime law set to take effect on December 1st, you can take a deep breath. A federal judge recently blocked an Obama administration rule to extend mandatory overtime pay that would have impacted millions of Americans. More details can be found here: http://www.reuters.com/article/us-usa-employment-overtime-idUSKBN13H2JY
On January 20, 2017, Republican Donald Trump will become the 45th President of the United States. President-elect Trump will take office with a Republican majority in both the House and Senate, which has far-reaching implications on possible amendments to the U.S. tax code.
President-elect Trump’s tax plan has many similarities to the House Republican’s “A Better Way” plan, which makes significant tax legislation in 2017 highly probable.