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
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.
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.
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.
[vc_row][vc_column][vc_column_text]On February 9th, alliantgroup Senior Director and former U.S. Congressman Rick Lazio was interviewed by Yahoo! Finance and offered his forecast on the current prospects for tax reform. With Congress…
Taxpayers today may have felt a cooling breeze in the Summer heat – courtesy of Senators Charles Grassley (R-IA) and John Thune (R-SD) – introducing the Taxpayer Bill of Rights Enhancement (TBORE).
[vc_row bg_type=”bg_color” bg_color_value=”#f5f5f5″ css=”.vc_custom_1618938311697{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-right: 1em !important;padding-left: 1em !important;}”][vc_column][vc_column_text el_class=”article-info”]by Dean Zerbe, former Senior Counsel to the U.S. Senate Finance Committee and alliantgroup…