Trump tax plan to trigger lobbying frenzy
The Trump administration’s release of a tax reform plan is setting off a lobbying frenzy that could be unlike anything seen in Washington since the passage of ObamaCare.
Treasury Secretary Steve Mnuchin and White House economic adviser Gary Cohn on Wednesday unveiled what they called the biggest tax cut in American history, with a goal of getting legislation to President Trump’s desk by the end of the year.
“President Trump has made tax reform a priority, and we have a Republican Congress that wants to get it done,” Cohn told reporters at the briefing on Wednesday. “And this is something that, quite honestly, I hope the Democrats would support, too, because it's good for the American people.”
The one-page White House outline sets down significant markers for the tax reform debate, offering sweeping parameters for changing the tax code for both individuals and businesses.
Mnuchin and Cohn declined to delve into specifics about parts the plan, suggesting that much of it is open to negotiation.
That’s where the lobbyists come in.
http://thehill.com/business-a-lobbying/business-a-lobbying/330784-trump-tax-plan-to-trigger-lobbying-frenzy
