Elections Outlook Report - Flipbook - Page 2
Election Results & Highlights
Former President Donald Trump has achieved a resounding and historic political
comeback, reclaiming the White House four years after his 2020 defeat to President
Joe Biden. Now set to serve as the 45th and 47th President, Trump surpassed his 2016
performance by sweeping all seven swing states and becoming the first Republican
President in 20 years to win the popular vote.
The Republican “red wave” extended beyond the presidential race
after flipping the Senate and holding their narrow majority in the
House of Representatives. This will position President Trump and
Republican lawmakers with sizeable opportunities to advance
top priorities such as tax reform, deregulation, energy policy,
and border security. Additionally, a Republican trifecta will allow
Senate Republicans to take advantage of that chamber’s budget
reconciliation process, enabling them to pass fiscal measures like
tax cuts, entitlement reforms, and spending bills with a simple
majority, rather than the usually needed 60 votes under the
filibuster.
and what to expect in the upcoming lame-duck session. This report
previews Trump administration policy priorities, potential nominees
for top cabinet positions, and the legislative outlook for the 119th
Congress, including anticipated changes in committees and
caucus leadership.
Our Hogan Lovells Government Relations team, alongside our
firm’s extensive regulatory teams, has strong bipartisan ties with
congressional leaders and the incoming Trump administration.
Please contact us if you have questions about how these
Executive and Legislative Branch changes may affect your
business.
If Republicans can maintain party unity, they have a rare
opportunity to enact sweeping, high-stakes legislative packages
that could significantly impact businesses and stakeholders
across multiple sectors. We have prepared a comprehensive
report summarizing the 2024 election results, their implications,
Updated 11/15/24
