Tax Talk: Volume 10, Issue 1

EDITOR'S NOTE

We held up Tax Talk this quarter in order to bring you the latest on the Trump administration's tax reform plans. Unfortunately, the one-page plan and transcript of the press conference released on April 26 discussed below, represent a step backward for the Trump administration's thinking on tax reform. Our article points out that it is missing even the level of detail in the President's campaign plan. According to the administration, May will be a month of listening to various constituencies about tax reform. However, it appears to us that, given the magnitude of the issues May may not be enough time to fully consider and develop a plan. While tax technicians such as yours truly are waiting for legislative language and explanations of various provisions, it is unclear at what point we will see those released. In fact, if the American Health Care Act of 2017 is any guide, it won't be until shortly before it is ready to be voted on in the House. . .