August 9, 2016
Are You Ready for Tax Reform? Report for Training Camp, it’s Coming in 2017
No matter who wins the elections for President, U.S. Senate, and U.S. House this year, we believe that comprehensive tax reform will be a high priority in the next Congress.
If Donald Trump is elected, he likely will have a Republican Senate and House. Leaders in both chambers who want to pursue tax reform. In fact, Republicans on the House Ways and Means Committee are drafting a bill this fall that will serve as their starting point for negotiations next year. Mr. Trump would make tax reform a top priority and likely give Congress leeway in writing the details.
If Hillary Clinton wins, the Senate may switch to Democratic control. But, she will still have to deal with a GOP House majority. One of Secretary Clinton’s highest priorities will be to take action to get the economy growing more quickly and achieve a bipartisan victory on a major issue during her first year. A lot of painstaking work and compromise would have to be done, but she likely will make a major effort to achieve tax reform next year.
We believe the momentum will be behind comprehensive tax reform. All interested parties should shift their efforts into high gear after Labor Day.
Charlie is Chairman of Prime Policy Group. He is widely recognized as one of the nation’s leading Republican strategists and public affairs professionals. Charlie serves as a principal legislative and public affairs advisor to several Fortune 500 companies and trade associations.
Scott is the President and CEO of Prime Policy Group. He is recognized as a leading government and public affairs strategist, concentrating on international and domestic corporate trade and business policy. Scott has served in the National Democratic Party leadership and as an advisor to numerous Presidential, Congressional and Senatorial campaigns. In the successful 1992 Clinton presidential campaign, Scott served as the campaign’s liaison to Congress and as a Senior Advisor.