HOUSTON, Nov. 28, 2017 /PRNewswire/ — alliantgroup Senior Vice President and former U.S. Congressman Rick Lazio was interviewed by Fox Business News last week to discuss the current tax reform proposals in both the House and the Senate.
During the interview, Lazio highlighted how both tax reform bills would potentially address the issue of slowed economic growth. In Lazio’s view, the decelerated growth that the U.S. has experienced during the latest economic recovery is the direct result of decreased business investment, particularly among small and mid-size businesses. According to Lazio, the current tax reform proposals would have the impact of increasing business investment and overall productivity through the reduction of individual, business and corporate tax rates.
“There are two things I would say to look for in terms of trying to spike this growth back up to 3 percent,” said Lazio. “That is, can we get fixed investment up and keep it up (and) can we boost productivity? To do that, we need higher levels of business investment. We need more research and development.”
“Rick is a leading expert in the areas of economics and tax policy and has always been a true champion for small businesses and American enterprise,” said Dhaval Jadav, alliantgroup CEO. “I encourage everyone to listen to his insights on policy and on what we can expect from our elected officials in the next few months.”
alliantgroup is a leading tax consultancy and the nation’s premier provider of specialty tax services. The firm assists U.S. businesses and their CPA advisors in properly identifying and claiming all federal and state tax incentives that were designed for their benefit. These incentive programs were created to help American businesses grow and remain competitive in an increasingly global economy. To date, alliantgroup has helped 12,000 U.S. businesses claim over $6 billion in tax savings. For more information on alliantgroup, please follow us on LinkedIn, Facebook and Twitter.