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Saturday, September 29, 2018

News Alert: How the Trump tax law passed – the lobbying frenzy

 
 
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How the Trump tax law passed: The lobbying frenzy
When David French was driving home from the Republican National Convention in Cleveland in July 2016, he took a phone call with members of his team at the National Retail Federation (NRF).

The topic: Whether to do an economic analysis of Speaker Paul Ryan’s (R-Wis.) tax blueprint, which contained a proposal, known as “border adjustment,” to tax imports and exempt exports.

“We had concerns right away about the blueprint,” said French, senior vice president of government relations for NRF. “It was a radical transformation of the tax code, and it was a consumption tax.”

This is part six of a seven-part series on how President Trump's tax law passed Congress and how it is playing out in the battle for Congress in the 2018 midterm elections.
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