Tax Reform Timeline in Doubt; Unlikely by August Says Sec. Mnuchin
Posted on Apr 17, 2017
The Trump administration had previously stated that they wished to pass tax reform legislation by August of this year. However, Treasury Secretary Mnuchin has recently stated that the August deadline is too aggressive at this point and is not realistic. With legislative focus turning back to healthcare, it is unclear whether tax reform will be accomplished this year. Read more at: Tax reform by August unlikely, Mnuchin says
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Border Adjustment Tax May Affect Discount Retailers’ Profit Margins
Posted on Apr 17, 2017
Dollar Tree, and similar discount retailers, rely on imports from countries like China that manufacture inexpensive products and sell at low prices. If the House Republicans impose the border adjustment tax, and imports are taxed at 20 percent, such discount retailers may have to revise their business models in order to maintain their profit margins and continue to be profitable. Read more at: Dollar Tree’s $1 Price Point May Slip Under Border Adjustment
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The Fading Blueprint
Posted on Apr 12, 2017
U.S. House Speaker Paul Ryan’s tax reform blueprint is facing opposition within the Republican ranks. Both the Whitehouse and the Senate Republicans are preparing alternative plans, with the latter dusting off former House Ways and Means Committee Chairman Dave Camp’s proposed tax reform act as its foundation for new legislation. Read more at: U.S. Tax Reform Debate Moves Away From Ryan Blueprint
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