Overview:

With Republicans winning the White House, Senate, and House the unified focus will be on extending President Trump’s 2017 individual tax cuts.  But other important questions remain unanswered.  How will Republicans navigate the process to pass partisan tax cuts, will Republicans offset the tax cuts, how long will the extensions last, will Congress do more than just extend the 2017 cuts, etc. 

Our discussion will look at these issues and discuss potential paths forward.

Learning Objectives:

With unified control of government, Republicans will figure out a path to extend the 2017 expiring tax provisions. The details surrounding how and what’s in the bill are still unknown.

Republican leadership has stated their desire to pass a tax bill within the first 100 days of the Trump Administration.  However, that timeframe may be optimistic due to the difficulty of passing a budget, the time needed to negotiate and draft legislation that will potentially include trillions of dollars in revenue effect and the process of figuring out how to raise necessary revenue.