Reuters: U.S.

Monday, September 4, 2017

News Alert: Pessimism abounds on Trump tax reform effort


 
 
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Pessimism abounds on Trump tax reform effort
Tax lobbyists and Wall Street rate the prospects of tax reform as very low.

One veteran tax lobbyist, a former member of the Senate Finance Committee staff, said the chances of a broad tax reform package similar to the 1986 rewrite of the code are “zero.”

The September schedule is packed, and afterward Congress will need to deal with the appropriations process for 2018, among other issues that will cut into the energy that can be put into tax reform.
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