How will the Trump victory impact other industries? Here's what we know about the President-elect.
After a long election night, the dust has finally (mostly) settled.
Below, we've outlined what we know so far about who won and what initiatives passed.
Widely seen as an upset, the win by Trump alongside a majority Republican congress may ensure the passage of various Republican policies. Keep an eye on the Affordable Care Act. While experts have said full repeal is highly unlikely at this stage, the Four R's are officially in play:
- Retain: Certain aspects of the law, such as prohibiting exclusion of those with pre-existing conditions, have been widely accepted as "must-keeps" that promote fairness and health.
- Remove: Republicans are interested in stripping prescriptive federal requirements, including the excise or "Cadillac" tax.
- Replace: They are also interested in replacing provisions that claim certain benefits packages must be offered in every exchange and want to create more flexibility so that consumers have a voice in the process.
- Reduce: Could mean potential reduction of the individual and employer mandates, though many experts have said such mandates are key to making the markets work.
Immigration reform may also be on the table, including mandating e-verify. Not much has been said on changing the federal minimum wage, but Trump's current calls for FMLA or paid leave reform are essentially a childcare tax credit and six weeks paid maternity leave funded through the elimination of unemployment insurance fraud, according to Politico.
We'll be covering his first 100 days and what to expect later this week.
From the state ballots: Marijuana
The following states voted on marijuana laws. Data from Ballotpedia:
- Arizona: Arizona Marijuana Legalization, Proposition 205 – VOTED NO
- Arkansas: Arkansas Medical Marijuana, Issue 6 – VOTED YES
- California: Proposition 64, California Marijuana Legalization – VOTED YES
- Florida: Florida Medical Marijuana Legalization, Amendment 2 – VOTED YES
- Maine: Maine Marijuana Legalization, Question 1 – Not all precincts reporting, leaning YES
- Massachusetts: Massachusetts Marijuana Legalization, Question 4 – VOTED YES
- Montana: Montana Medical Marijuana Initiative, I-182 – VOTED YES
- Nevada: Nevada Marijuana Legalization, Question 2 – VOTED YES
- North Dakota: North Dakota Medical Marijuana Legalization, Initiated Statutory Measure 5 – VOTED YES
From the state ballots: Minimum wage
The following states voted on minimum wage and, in some cases, paid leave. Data from Ballotpedia:
- Arizona: Arizona Minimum Wage and Paid Time Off, Proposition 206 ($10 wage, paid sick time) – VOTED YES
- Colorado: Colorado $12 Minimum Wage, Amendment 70 – VOTED YES
- Maine: Maine Minimum Wage Increase, Question 4 (gradual increase to $12 by 2020) – VOTED YES
- South Dakota: South Dakota Decreased Youth Minimum Wage Veto Referendum, Referred Law 20 – VOTED NO
- Washington: Washington Minimum Wage Increase, Initiative 1433 – VOTED YES
What do you think?
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