Business Tax Reform: Hammering Out the Details

submitted by Marvin's Underground Evening Lectures on 10/12/18 1

Moderator Ben White, Chief Economic Correspondent, Politico Speakers Chris Campbell, Staff Director, U.S. Senate Finance Committee Ross DeVol, Chief Research Officer, Milken Institute Douglas Holtz-Eakin, President, American Action Forum Gene Sperling, President, Sperling Economic Strategies; Former National Economic Advisor to Presidents Obama and Clinton Mark Weinberger, Global Chairman and CEO, EY Globalization has forever changed the competitive landscape, but U.S. corporate tax policy has not kept up. There is general agreement that some version of reform is required, but views diverge when it comes to the details. Regardless of the plan, there are likely to be winners and losers by industry and company. What are business tax reform's prospects in the political arena? Will it be closer to the Republicans' destination-based cash-flow tax system or the administration's campaign plan? Will border adjustment be included, or expensing future interest on debt eliminated? Does it need to occur in parallel with personal tax reform?

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