The Fight for Tax Reform Will Be Long and Arduous

Where Do Most Americans Fall With Proposed Tax Reform?

Is it starting to feel like the process to simply put up a new stop sign in the Nation’s Capitol would take an act of Congress? These days nothing is simple in Washington and when it comes to tax reform the battle will be anything but easy.

When President Trump took office it was widely believed that tax reform would be fairly simple and would come with only minor headaches. With the Senate and Congress both controlled by republicans, tax reform was just a matter of when, not if. Well, not so fast.

If you thought the battle for healthcare reform was tough, the nation’s lawmakers are just getting started. The interesting thing is, the tax reform battle isn’t just a matter of party lines. Republicans are very divided on tax reform, including what changes to make and how to pay for them.

There are several overriding factors that could delay tax reform even further, not to mention that another election cycle is coming up. First off, Congress needs to pass a fiscal budget for 2018 before it can take on tax reform. Secondly, republicans are divided over whether they should seek a tax cut or complete tax reform.

The battle over many long-standing tax incentives and breaks is also a big sticking point.  Additionally, Obamacare is still unfinished business and it is looming over the current administration. Some lawmakers, including the president, are still focused on resolving that matter first.

Therefore, those still hoping for, or expecting, tax reform this year better prepare to curb their enthusiasm. This looks like another long journey with many twists and turns.

Posted in
Allen Miner

Allen Miner – SunBridge Group

Interview transcript of Allen Miner, SunBridge, by Alan Olsen, Host of the American Dreams Show: Alan Olsen: Welcome back and visiting here today with Allen Miner. He’s the CEO and founder of the Sunbridge group. Welcome to today’s show.   Allen Miner: Great to be here.   Alan Olsen: So Alan for the listeners, can you…

2X Wealth Group: Investment Management Catered to Women | Lori Zager

“2X Wealth Group: Investment Management Catered to Women”, Lori Zager Transcript, Interview by Alan Olsen, Host of The American Dreams Show: Alan Olsen: Welcome back. I’m here today with Lori Zager. She is the co founder of the 2X Wealth Group which is a subsidiary of Ingalls & Snyder. Lori, welcome to today’s show.  …

John Hoffmire

John Hoffmire

Transcript of John Hoffmire: Alan Olsen: One of the areas that you’ve been involved with is impact investing, what is impact investing?   John Hoffmire: Well, impact investing can be defined as a number of different ways. I’m going to define it in the broadest possible way, where investments of almost all types make an…

Add These Leadership Skills for 2021

As we begin to exit the pandemic, are you looking to grow or enhance your leadership skills this year? If so, it is vital to have a plan as no one can expect to become a better leader just by showing up every day. Here are some important things to focus on in 2021. These leadership…