President Obama calls for tax reform; despite appearances of partisan gridlock, behind the scenes work on tax reform continues
13 February 2013Government Relations Alert
In his annual State of the Union address, President Obama called on Congress to come together and pass a tax reform bill.
Though many may dismiss this charge as empty rhetoric, there is in fact real movement on tax reform behind the scenes and real potential for enactment of tax reform in this Congress. Beyond the siren call for a lower corporate rate, however, in the realm of ‘loophole closers and simplification,’ lies the potential for significant tax increases on U.S. businesses.