December 18, 2017, National Economic Chairman Gary Cohn, Treasury Secretary Steve Mnuchin, White House Chief of Staff John Kelly, and Sen. Tim Scott (R-SC) held a tax briefing at the White House in advance of the Congressional vote on tax reform. The White House Office of Public Liaison hosted the briefing, which was attended by senior administration officials, state chambers of commerce, and other trade groups with vested interests in the tax reform bill.
Meeting Summary:
BDA Attends White House Breifing on Tax Reform
- White House officials touted the successes achieved for all levels of income earners in the U.S. through the tax reform process
- The White House officials appeared “victorious,” as they believe they have the votes to have the bill on the president’s desk later this week.
- White House officials spoke about President Trump’s commitment to wage and job growth, economic development, and ways to improve America’s crumbling infrastructure.
- White House staff is interested in hearing ideas and proposals related to infrastructure development, including the use of tax-exempt municipal bonds
Issues discussed:
- Middle Income Tax Cuts
- A Simplified Tax Code
- Helping Small Businesses
- Repatriation Tax
- Infrastructure
- New Market Tax Credit (NMTC)
- Investing in Opportunities Act (IIOA)
The White House is reaching out to various constituencies to be participants in the process. BDA and MBFA will remain engaged as tax reform discussion continue ahead of final passage and as political winds quickly shift to infrastructure development.
Please follow and like us:
