Ringing in the New Year with Tax Reform

Now that Americans have rung in the New Year, attention turns to Washington as a new administration and a new Congress are set to take office. There has been much discussion on what legislative issues President-elect Trump will tackle both in his First 100 Days in office as well as the rest of 2017.

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A New Treasury Secretary – A New Era of Sound Tax Policy

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.

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A Bold Reform Framework

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.

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The Long Election Road Ends … And a New Policy Path Must Begin

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.

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