Search FAIRtax.org

Veteran lobbyists see hard road for tax reform

  • Politico
  • by:
Veteran lobbyists see hard road for tax reform
President Donald Trump wants to sign a tax reform bill in the fall, but lobbyists who were around the last time Congress overhauled the tax code — in 1986 — say plans to pass permanent, wide-reaching legislation with only Republican votes seem all but impossible.

So tax lobbyists are trying to predict what Congress will pass instead.

Some are pushing for Republicans to embrace a long-shot strategy to tie tax reform to an infrastructure spending package to bring Democrats on board.

Others have given up hope that Congress will be able to pass anything more than a temporary tax cut for individuals — maybe the only measure that can attract 50 Republican votes in the Senate.

“We’ll end up with some lower rates and some business tax changes and probably some tax cuts that are probably temporary because they’re doing it all with Republican votes,” said Randy Hardock, a partner at Davis & Harman who worked for Sen. Lloyd Bentsen (D-Texas) in 1986.

Help FAIRtax Get 'ON the AIR' in 2017

Help fund our 2017 media blitz. NOW is the time!
Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.
To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share