Eversheds Sutherland Tax Reform Law Blog
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House Republicans Disclose Budget Plan

The House GOP has unveiled its budget plan, calling for extensive cuts in federal spending, including federal employee benefits, financial industry regulations and welfare expenditures, that total over $200B.  Along with anticipated accelerated economic growth, these cuts are intended to produce a balanced budget over the next decade.  While divisions among the House Republicans make...

House Freedom Caucus and Tuesday Group at Odds Over 2018 Budget Resolution

Amidst debate surrounding major spending cuts to the budget, the House Budget Committee canceled recent plans to send a budget resolution for fiscal year 2018, a prerequisite to passing tax reform in the Senate without support of Democrats, to the House floor.   The conservative Freedom Caucus will only support a budget resolution if it includes cuts to welfare programs such as...

Freedom Caucus Chairman Opposes Border Adjustment Tax, Says Tax Reform must Occur by September

Mark Meadows, Chairman of the House Freedom Caucus, stated that the border adjustment tax is the main impediment to tax reform, with 70-80 Representatives opposed to the provision. Rep. Meadows indicated that legislation must be enacted by September if tax reform is to occur and meet retroactive requirements, suggesting he believes tax reform effective for 2017 is still a possibility....

House Republicans Remain Divided Over Border Adjustment Tax

With the GOP still looking for its first major legislative accomplishment under the Trump Administration, Conservative members of the House are calling for party leadership to abandon the proposed border adjustment tax in order to facilitate progress on tax cuts. Tim Phillips, president of the Koch-brothers backed “Americans for Prosperity” contends that House Ways and Means Committee...

House Freedom Caucus Calls for Summer Session to Address Tax Reform

House Freedom Caucus Calls for Summer Session to Address Tax Reform The conservative House Freedom Caucus is urging House leaders to forgo the summer hiatus and instead remain in session to progress tax reform. The group’s stance follows on the heels of news that President Trump would seek the support of Democrats to press his tax reform agenda. Freedom Caucus calls on Congress...

Congressional Republicans Undecided on Border Adjustment Tax

Despite support from Ways and Means Committee Chairman Kevin Brady, Paul Ryan’s proposed border adjustment tax appears to lack support among rank and file House Republicans, raising serious questions as to the likelihood of passage.  Even if the bill manages to garner the necessary votes to pass the House, Sen. Lindsey Graham has said that the legislation...