One of Forbes Tate Partners’ leading Republican lobbyists, Jeff Strunk, recently weighed in on the prospect for tax reform on the Commercial Real Estate Finance Council’s (CREFC) new blog K Street Meets Main Street. In it he said:
“As you know, comprehensive tax reform is at the top of the agenda for the Trump Administration and Congressional Republicans. Specifically, enacting comprehensive tax reform has long been a priority for House Speaker Paul Ryan; we fully expect him to expend significant political capital in order to get a bill passed out of the House of Representatives prior to the August recess.”
Given the uphill battle that is inherent in any tax reform effort, Strunk also noted:
“As expected, the process is fluid, with much of today’s corporate tax debate focused on new policies, including border adjustability (the so-called “BAT”), interest deductibility, and proportional expensing. House Republicans are further along than their Senate counterparts, but we fully expect the Senate to turn its focus to tax reform following the completion of work on items including confirmation of Administration nominees, efforts to overturn Obama-era regulations through the Congressional Review Act, and legislation to repeal and replace the Affordable Care Act.”
You can read the full blog post here.