There’s a saying that elections have consequences, and the recent political earthquake will definitely have more than its share. Based on early reports from Capitol Hill, for the first time in 30-plus years there is a real chance that comprehensive tax reform will move through Congress and become law. And while there is no congressional proposal on paper targeting the credit union tax exemption, you can be sure that 2017 will feature more intense banker attacks as Congress puts the tax code on the table and begins work on overhauling the 74,608-page document.

Why will next year be any different than the false starts on taxation we’ve seen in recent years? Consider the following developments that have occurred in the days since the election of a Republican, Donald Trump, and retention of Republican majorities in both chambers of Congress:

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