Equifax, Inc. · NYSE:EFX
Equifax — WFS Webinar: Trump 2.0 Navigating the Next Wave (December 2025)
32 slides from Equifax's conference presentation, Dec 9, 2025
Slide 1: Trump 2.0 Navigating the Next Wave
Trump 2.0 Navigating the Next Wave December 9, 2025 1
Slide 2: Thanks For Joining Our Webinar
Thanks For Joining Our Webinar Welcome! Questions? Recording Thank you for joining our Please enter your questions This webinar is being webinar. Stay tuned for in the chat box on your recorded. You will receive an more from Equifax! screen at any point during email with a link to view the the prese
Slide 3: To Keep Our Lawyers Happy
To Keep Our Lawyers Happy The information provided herein is intended as general guidance and is not intended to convey specific tax or legal advice. For a legal opinion, please consult your lawyer. This presentation is intended for the education and benefit of our customers and potential customers. T
Slide 4: Today's Subject Matter Experts
Today’s Subject Matter Experts Katie Baldwin Todd Hurst Scott Shipman Solutions Consultant AVP, ACA Business Development AVP, Tax Credits and Incentives Equifax Equifax Equifax Ali Appleton John Fay Jason Pachucki VP, Government Relations Director of Product Strategy Solutions Engineer Equifax Equif
Slide 5: Agenda
Agenda 1 What We’re Keeping an Eye On 2 Onboarding and I-9/E-Verify Updates 3 Affordable Care Act (ACA) 4 Work Opportunity Tax Credit (WOTC) 5 Unemployment Insurance (UI) Management 6 Q&A PROPRIETARY | 5
Slide 6: What We're Keeping an Eye On
What We’re Keeping an Eye On PROPRIETARY | 6
Slide 7: ACA
ACA Extension Vote on ACA Proposal Subsidies Congress is currently It’s possible we will see a House Republicans debating the extension of vote on ACA subsidies by introduced legislation enhanced Affordable Care the end of the year aimed at extending the Act (ACA) subsidies enhanced tax credits for A
Slide 8: I-9/E-VERIFY
I-9/E-VERIFY Immigration E-Verify Mandate? Virtual Inspection Policy Approach Congress has led with Legislation has recently The administration has enforcement-only been introduced to given no signals that virtual approaches to immigration permanently authorize inspection will end policy rather than
Slide 9: WOTC Legislative Update: H.R. 6231 and S. 3265
WOTC Legislative Update: H.R. 6231 and S. 3265 Long Term Extension The reintroduced legislation Reps. Smucker and Horsford and Sen. Cassidy and Hassan Have would extend and enhance Reintroduced WOTC Legislation - These Bills Call for: WOTC, making the credit more effective in delivering meaningful 1.
Slide 10: WOTC Continued
WOTC Continued WOTC is Apolitical WOTC has solid support from both Republicans and Democrats Advocate for WOTC: need to hear compelling, real-world "stories from home” This will show how the WOTC is a valued, essential tool used by: ● their constituents ● businesses within their districts and state
Slide 11: Onboarding and I-9/E-Verify
Onboarding and I-9/E-Verify PROPRIETARY | 11
Slide 12: The 2025 I-9 Landscape
The 2025 I-9 Landscape Rise in I-9 Audits Enhanced E-Verify Oversight Creative Enforcement Mechanisms Immigration Policy Shifts Document Fraud and Identity Risk PROPRIETARY | 12
Slide 13: Preparing for 2026: I-9 Strategy for Employers
Preparing for 2026: I-9 Strategy for Employers Anticipate continuing focus on worksite enforcement Expect continued or expanded mandates What HR should be doing right now PROPRIETARY | 13
Slide 14: Visa Policy & Talent Implications
Visa Policy & Talent Implications Major H-1B shifts Broader visa system Workforce impact employers must changes affecting anticipate retention PROPRIETARY | 14
Slide 15: Practical Employer Takeaways
Practical Employer Takeaways PROPRIETARY | 15
Slide 16: Affordable Care Act (ACA)
Affordable Care Act (ACA) PROPRIETARY | 16
Slide 17: ACA Subsidies
ACA Subsidies Employees may start looking for employer paid benefits, cost impact to employers How are employers impacted? PROPRIETARY | 17
Slide 18: ICHRA Market is Growing
500K+ employees on ICHRA plans as of 2025 ICHRA Market Over 5,000 employers have an ICHRA offering in 2025, a 34% increase from 2024 is Growing Adoption of ICHRA plans from large employers is up 84% in 2025¹ ¹ hracouncil.org PROPRIETARY | 18
Slide 19: Delays in IRS penalty assessments still being seen
Delays in IRS penalty assessments still being seen Minimal 2023 2022 is still the focus communication PROPRIETARY | 19
Slide 20: Is ACA going away? If so, what happens then?
Is ACA going away? If so, what happens then? PROPRIETARY | 20
Slide 21: Changes in 2026 affordability and penalties
Affordability threshold for employer health coverage Changes in 2026 increases to 9.96% (up from 9.02% in 2025) affordability Penalties for Applicable Large Employers (ALEs) and penalties "A" penalty (failure to offer MEC) at $3,340 annually ($278.33 per month) "B" penalty (unaffordable/MV coverage) at
Slide 22: Preparing for the 2025 filing season
Preparing for the 2025 filing season PBRA impact - Electronic delivery? No delivery? State Reporting Readiness Do not expect the shutdown or political landscape to impact the deadlines at the Federal and State level PROPRIETARY | 22
Slide 23: Work Opportunity Tax Credit
Work Opportunity Tax Credit PROPRIETARY | 23
Slide 24: Extended or Hiatus?
Extended or Hiatus? PROPRIETARY | 24
Slide 25: Extend S.492 and H.R.1177 Hiatus
Extend S.492 and H.R.1177 Hiatus as they stand as of 11/21/25 - will probably Advocacy is needed more than get renamed and re-numbered Congress has renewed WOTC ever, so Employers can help retroactively, so as long as inform Senators and House Significant improvements to the you keep screening, your
Slide 26: Unemployment Insurance Management
Unemployment Insurance Management 2025 Retrospective & 2026 UI Strategy PROPRIETARY | 26
Slide 27: Current Landscape:
Current Landscape: Primary Focus Priorities Remains on UI integrity and reporting The Department of Labor's Employment for employers’ compliance, driven and Training Administration (ETA) is largely by persistent improper payment rates.¹ prioritizing fraud risk mitigation and strengthening program in
Slide 28: State-Level Reforms:
State-Level Reforms: Current Reality: ● States are actively modernizing outdated The national UI systems to address fraud and overpayments. improper payment rate holds steady at ● Agencies are receiving assistance to improve roughly 14–15% ID verification using tools like the Integrity (as of June 20
Slide 29: Significant Actions of 2025
Significant Actions of 2025 The year was defined by a shift toward enhanced data transparency, stricter enforcement, and technological defenses against identity fraud The Fraud Threat: Federal & Legislative Actions Dedicated Resolution Specialists Increased sophistication, specifically using AI for Mar
Slide 30: Next Steps: 2026 Employer Employee Strategy
Next Steps: 2026 Employer Employee Strategy Claim Monitoring System Process Review & Response Modernization Strategic Foundation 2026 strategies must center on proactive, Due to persistent fraud spikes, Employers should leverage Employers must review worker technology-leveraged employers must priori
Slide 31: Your questions (our answers)
A always. S seek. K knowledge. Your questions (our answers) PROPRIETARY | 31
Slide 32: Survey Contact Connect
1 2 3 CONTACT SURVEY CONNECT Want to talk to someone about your Offboarding processes? Click on the “Want to Get In Touch” button on your webinar console or contact us at: Scan above to subscribe to Let’s Talk HR for Complete the survey through the webinar console updates workforce.equifax.com/contac
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