206, 2017

alliantgroup’s Dean Zerbe’s Statement on the President’s Budget

By |June 2nd, 2017|Tax Reform Watch|0 Comments

Dean Zerbe’s Statement on the President’s Budget

The White House recently released its first full budget proposal—and as is the case with all proposed presidential budgets, there is little chance that Congress will adopt the proposal as is, let alone a guarantee that even parts of the budget will see the light of day.

However, presidential budgets are still important as they provide a clear indicator of the White House’s priorities and the policies the administration is likely to pursue. Keeping this in mind, here are a few key takeaways from the president’s budget:

Decreasing Federal Spending is the Main Goal

Above all else, the White House is seeking to reduce federal spending, with the administration’s budget projected to reduce spending by $3.6 trillion over the next 10 years. According to the […]

2305, 2017

O’Donnell: What the Major Players Want in Tax Reform

By |May 23rd, 2017|Tax Reform Watch|0 Comments

What the Major Players Want in Tax Reform

By Dawn Levy O’Donnell

With the tax reform debate heating up, I thought now would be a good time to examine what the major players want, including areas of agreement and contention between the White House and Senate and House leadership.

What the White House Wants

Simply put, growth—and the White House is willing to live with a deficit increase of around $1 trillion to jumpstart the economy, believing that sum will be made up in the long run through economic growth.

As a CEO, the president sees a direct connection between lowering taxes on […]

1805, 2017

Lazio: Expect a More Moderate, Less Ambitious Tax Bill

By |May 18th, 2017|Tax Reform Watch|0 Comments

Lazio: Expect a More Moderate, Less Ambitious Tax Bill

Yesterday’s lead editorial in the Wall Street Journal (May 17th) made the point that the President is dangerously close to losing the Republicans who he needs to pass his agenda, including tax reform: “Weeks of pointless melodrama and undisciplined comments have depleted public and Capital Hill attention from health care and tax reform, and exhaustion is setting in. America holds elections every two years, and Mr. Trump’s policy allies in Congress will drift away if he looks like a liability.” Exactly. Behind the scenes, more and more of my former Republican congressional colleagues […]

605, 2017

The Hill: ObamaCare vote throws curve into tax reform

By |May 6th, 2017|Tax Reform Watch|0 Comments

The Hill: ObamaCare vote throws curve into tax reform

This story first appeared in the May 6, 2017 edition of The Hill and quotes alliantgroup National Managing Director Dean Zerbe.

The House’s passage of legislation to repeal and replace ObamaCare has thrown a new curve into Republicans’ efforts to overhaul the tax code.

The vote, which came just a week after the White House rolled out its tax reform plan, took much of official Washington by surprise. A previous attempt to muscle through the legislation had failed in March.

Experts are mixed on what the sudden progress on ObamaCare repeal means for tax reform. While […]

505, 2017

alliantgroup’s Dean Zerbe: The Trump Tax Proposal

By |May 5th, 2017|Tax Reform Watch|0 Comments

The Trump tax proposal – essentially the same as during the campaign and roughly based on the House Ways and Means Committee “Better Way” proposals is easiest to think of in four broad strokes:

  • Individual taxes (including estate tax repeal, increased standard deduction, rate reduction and offset – partially – by some deductions).
  • Tax Relief for small and medium businesses organized as pass-thrus (proposed 15% rate for business income).  (offsets see #3 below)
  • Corporate Tax reduction to 15% (offset by elimination/reduction of various business tax credits and incentives).
  • International Tax – go to a territorial tax system and a one-time tax on overseas earning.

The proposal – while little in detail and not breaking new ground is viewed as an aspirational documents or rhetorical discussion.  However, it has certainly jump started the discussion […]

505, 2017

CBC News: Trump’s next legislative fight looks to be even more taxing than health care

By |May 5th, 2017|Tax Reform Watch|0 Comments

CBC News: Trump’s next legislative fight looks to be even more taxing than health care

This story first appeared in the May 5, 2017 edition of CBC News and quotes alliantgroup National Managing Director Dean Zerbe.

Republican frictions exposed in Obamacare repeal could pose challenge ahead of tax overhaul

To invert an old cliché: You lose some, you win some.

After failing twice in recent weeks to advance an overhaul of health care in the House of Representatives, a nail-biting vote Thursday finally scored U.S. President Donald Trump a temporary legislative victory. But it didn’t come without some stumbles, revealing ruptures in his Republican […]

305, 2017

Bloomberg Radio: Rick Lazio on Trump Tax Plan: Opening Bid, Need Deficit Focus

By |May 3rd, 2017|Tax Reform Watch|0 Comments

Bloomberg Radio: Rick Lazio on Trump Tax Plan: Opening Bid, Need Deficit Focus

This interview first aired on Bloomberg Radio on May 3, 2017 and features alliantgroup Senior Vice President Rick Lazio.

Bloomberg Markets AM with Pimm Fox and Lisa Abramowicz.
GUEST: Former U.S. Congressman Rick Lazio, Senior Vice President at alliantgroup, to discuss the Trump administration’s plans for tax reform.
Running time 10:15
Play Audio here

 
Rick LazioAbout Rick
Former Congressman Rick Lazio recently became the Senior Vice President of alliantgroup, a national tax consultancy. A longtime advocate of small to mid-size businesses, Lazio spent […]

305, 2017

Washington Post: Trump said he’d get the best people. On taxes, he still hasn’t hired them.

By |May 3rd, 2017|Tax Reform Watch|0 Comments

Washington Post: Trump said he’d get the best people. On taxes, he still hasn’t hired them.

This story first appeared in the May 3, 2017 edition of the Washington Post and quotes alliantgroup National Managing Director Dean Zerbe.

President Trump has promised a major rewrite of the U.S. tax system, and when he released an outline of his plan last week, his top officials promised the administration would fight to make that vision a reality.

Trump’s administration, however, has yet to pick the officials who would be chiefly responsible for negotiating a tax deal with lawmakers on Trump’s behalf.

In particular, […]

105, 2017

TheStreet.com: Carried Interest Loophole Loved by Hedge Funds on Chopping Block Under Trump

By |May 1st, 2017|Tax Reform Watch|0 Comments

TheStreet.com: Carried Interest Loophole Loved by Hedge Funds on Chopping Block Under Trump

This story first appeared in the May 1, 2017 edition of the TheStreet.com and quotes alliantgroup National Managing Director Dean Zerbe.

The carried interest loophole that was conspicuously absent from the White House tax plan White House tax principles unveiled last week is still on the chopping block, according to Chief of Staff Reince Priebus.

The former Republican National Committee chairman said in an appearance on ABC’s “This Week” on Sunday that the loophole used by hedge fund and private equity managers to lower their tax rates is […]

2804, 2017

Washington Examiner: Congressional Republicans confident they can avoid massive loophole in Trump tax plan

By |April 28th, 2017|Tax Reform Watch|0 Comments

Washington Examiner: Congressional Republicans confident they can avoid massive loophole in Trump tax plan

This story first appeared in the April 28, 2017 edition of the Washington Examiner and quotes alliantgroup National Managing Director Dean Zerbe.

Republican taxwriters say they are confident that they can legislate around a loophole that Democrats say they have identified in President Trump’s tax plan, namely that it would cut taxes for Trump’s own company and lead rich professionals to game the tax code by claiming to be small businesses.

Under scrutiny is the Trump proposal for a special tax rate of 15 percent for businesses […]

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