Unified control of the White House and Congress provides Republicans the opportunity to set the legislative agenda, advance key priorities, and revisit the regulations promulgated by the outgoing Administration. The likely legislative and regulatory activity presents both opportunities and challenges for the business community.
Explore these issues further down the page.
The joint statement calls for tax reform that makes taxes “simpler, fairer, and lower” for American families, and provides “lower rates for all American businesses.” The statement sets a goal for the House Ways and Means Committee and the Senate Finance Committee to produce tax reform legislation that “reduces rates as much as possible, allows unprecedented capital expensing, places a priority on permanence, and creates a system that encourages American companies to bring back jobs and profits trapped overseas.”
Conversation around tax reform must remain a constant. Pam Olson shares why it can’t be a priority for this Congress and then forgotten for another generation.
While other legislation continues to stall, powerful market forces are coalescing behind the White House’s trillion-dollar infrastructure plan. Darin Siders explains that broad legislation to repair the nation’s infrastructure is still achievable.
The Trump Administration released a $4.1 trillion FY 2018 budget proposal to Congress that proposes to balance the federal budget over 10 years by promoting economic growth through tax reform, regulatory relief, and infrastructure investments, and by significantly reducing federal spending.