With tax reform and repealing Obamacare at the top of the Presidential
and Congressional agenda, this is an exciting time in Washington and all
around the world.
A comprehensive overhaul of the U.S. tax system was last accomplished in
1986 opined advised that this will be completed during the first
"100 days". The reduction of the corporate tax rate and 100% expensing
of all plants and equipment are long overdue but they will come with the
repeal of many credits and deductions vital to many company's return on
investment and essentially the bottom line.
President-elect Trump has just referred to the border-adjustment
measures as complex, yet his economic advisors understand the need to
address the infrastructure projects to ultimately find a comfortable
balance in transitioning ahead with the plan to grow the American
economy. This is a concern that will most certainly hit all industries
in one form or another and the specific details of the proposal, like
tax reform generally, will produce winners and losers for decades to
come. Some of the industries that may be greatly impacted are aviation,
banking, construction, electronics, manufacturing, pharmaceuticals,
retail and real estate.
Recognizing the importance of comprehensive tax reform, particularly in
the international/corporate area I have decided to work on tax related
issues with the New World Public Affairs Group (NWPAG) which specializes
in tax policy.
The NWPAG is headed by former 14 year Ways and Means member Jerry
Weller. Former Congressman Weller, you will recall, was both an engaged
and effective member of the Committee as well as a key member of the
House leadership. His colleague, David Miller, is a veteran of the 1986
Tax Reform Act (TRA) and has, over the years, represented a variety of
tax related clients including The Limited, the Colonial Williamsburg
Foundation, and American Airlines.
I am proud to be associated with these professionals; we are happy to
address your concerns and I hope that you will consider a proposal from
us to represent you on this critical issue.