According to reports, Senate Majority Leader Mitch McConnell (R-KY) has indicated he might use a budgetary mechanism known as “reconciliation” to implement tax reform.
President-elect Trump and his staff have made one thing clear as they plan for the upcoming administration: comprehensive tax reform is a priority for his administration.
President-elect Donald Trump recently announced the selection of former Goldman Sachs executive Steven Mnuchin to be the next Treasury Secretary. National Taxpayers Union is hopeful Mnuchin – a seasoned banking and finance executive with years of private sector industry experience – will fulfill the incoming Trump administration’s priority objective to advance comprehensive tax reform in the first 100 days in office.
Alex Brill, resident fellow at the American Enterprise Institute, published a new report examining the House GOP’s tax reform plan released earlier this year titled, “A Better Way: A Pro-Growth Tax Plan for All Americans.” Brill’s report summarizes the plan, analyzes some key components, and estimates the budgetary impact of the individual income tax provisions along with an estimate of the effective marginal tax rate on new investment.
In a recent U.S. News & World Report column, NTU President Pete Sepp takes a look at the tax reform landscape in the wake of Donald Trump’s election and the GOP retaining its majority in Congress.
It seems that every presidential election cycle, the campaigns appear to get longer and longer – they seem to start before most Americans have given even a single thought to the next round of voting. Indeed, the Chicago Tribune recently noted that it’s been 596 days since the first major presidential candidate – Texas Republican Senator Ted Cruz – officially declared his candidacy for the White House.
“Across the nation today, Americans are exercising a precious constitutional prerogative, by casting their ballot for the 45th president of the United States. It’s been a long and bumpy election road, but one thing has remained constant throughout the campaign: voters’ concern over the future of the economy.”
In a rare moment of bipartisanship, both Senator Chuck Schumer (D-NY) and House Ways and Means Chairman Kevin Brady (R-TX) have decried the European Union’s recent multi-billion ruling against Apple to pay over $14 billion in alleged back taxes for earnings held in Ireland.
In the final debate of the 2016 Presidential election, candidates Donald Trump and Hillary Clinton rehashed their stances on taxes and other economic issues, including the national debt, affecting our nation.