John McKechnieWith an immediate disclaimer that I actually was a Republican before Election Day, I can make some very preliminary, semi-educated guesses about the track the GOP will take following the landslide that gave them majorities in both the House and Senate for the first time since 2006.

For credit unions, I’d watch four issues for attempted action by the Republicans. President Obama is likely to veto the more ambitious parts of the GOP agenda, and attaining two-third of the House and Senate to override is mathematically and politically daunting.

Tax reform

Much chatter has already circulated around Capitol Hill about Republicans making tax reform a priority. Incoming Ways and Means Chairman Paul Ryan (R-Wis.) has said he believes tax reform is “achievable and necessary,” but he has also complicated the road to passage by stating that reform means both corporate, which could mean the credit union tax exemption is on the table, and individual tax reform.

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