Eversheds Sutherland Tax Reform Law Blog
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Hatch States Trump Conceding 15 Percent Corporate Tax Rate

Senator Orrin Hatch, Chairman of the Senate Finance Committee, stated that President Trump is likely retreating from his proposed goal of a 15 percent corporate tax rate.  Sen. Hatch, along with other congressional leaders, has participated in several recent meetings with White House officials in an attempt to reach a consensus on a tax reform bill.  He suggested a corporate tax rate...

PIMCO’s Chief Investor Skeptical Tax Reform Agenda will be met

Pacific Investment Management Company, LLC ‘s global chief investment officer, Dan Ivascyn, doubts President Trump’s tax and regulatory reform will ultimately achieve his ambitious goals. Ivascyn predicts tax reform will feature cuts rather than broad-based policy changes, due in part to the White House’s and Congress’ focus on revenue. Additionally, his forecasted...

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...

Congress to Address Tax Reform in September

Tax reform will take center stage before Congress in September, according to White House Director of Legislative Affairs Marc Short.  While the Trump Administration favors revenue neutrality, its primary goal for reform is tax cuts.  President Trump is meeting with Congressional GOP leaders today to discuss his tax reform agenda. White House wants healthcare vote this summer, tax...

Tax Reform for Christmas

Despite controversy surrounding the border adjustment tax proposal, House Speaker Paul Ryan hopes that Congress will present a tax reform bill to the president by the December 23rd recess. Treasury Secretary Steven Mnuchin shared the same goal earlier this week, stating that the objective is to accomplish tax reform by year’s end. Paul Ryan Wants to put Reform on Trump’s...

Border Adjustment Tax Faces Looming Demise

House Speaker Paul Ryan, on Wednesday, acknowledged that tax reform legislation could exclude a border tax provision.  The controversial tax has faced criticism from several fronts, including some of Ryan’s fellow House Republicans, as well as the Senate and the White House.  Treasury Secretary Steven Mnuchin has confirmed that President Trump is not in favor of backing a border...

Trumponomics and Tax Reform

President Donald Trump offered several insights into his tax reform agenda during a recent interview, including his support of increasing the national debt in order to stimulate the economy and imposing a repatriation tax at a 10% rate. President Trump also voiced his appreciation of a value-added tax, admitting, however, that the U.S. is unlikely to ever adopt such a system....