1. Experts think tax reform possible in 2017 - The Hill

    Experts think tax reform possible in 2017 - The Hill

    Comprehensive tax reform now appears to be a promising goal in 2017 with Republicans in control of the White House and both houses of Congress following the party's Election Day victories, some experts believe. “It makes the probability that Congress ...

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    1. It makes the probability that Congress enacts comprehensive tax reform by the August recess of 2017 … near 80 percent.
    2. We need to make sure those dollars are flowing back to the United States for jobs, for manufacturing, for research. We want to make sure we eliminate every tax incentive to move U.S. jobs or headquarters or research overseas.
    3. First-term presidents have a window of opportunity to do big things but it doesn't stay open much later than the August recess of their first year in office.
    4. The hindrance would be disagreement and the ability of Sen. Schumer to slow things down if he so chooses.
    5. Tax reform is not just a one-time event, where it passes and that's the end of the story.
    6. A lot of guidance needs to be issued. The IRS will have to issue new forms, reprogram systems. It will take resources that the IRS may not have right now.