‘Ambitious’ and ‘Aggressive’ Timing for Mnuchin’s Tax Plan May Not Play Out, Experts Say

“The Trump administration could face some trouble getting its tax reform through by August, [said] Alex Brill…. ‘There’s only so much that Congress can process at the same time. I was very pleased to hear [Treasury Secretary Mnuchin] put an emphasis and a priority on tax reform, an aggressive schedule of a bill signing in August, but we do need to recognize that there’s a whole other conversation in Washington about [Affordable Care Act] repeal, repeal and replace, or repeal and repair that is potentially in conflict,’ simply due to time constraints, Brill said.”

MGA’s Alex Brill on CNBC’s Squawk Box

“Tax reform is by definition a game about winners and losers. If there aren’t winners and losers, it’s not tax reform. So there should be no surprise that there are people who are upset about the things that are being discussed, but that doesn’t make it a bad idea…. The idea…is to create a level playing field. There are winners and losers today as a result of the tax code, and if we can clean that system up, we can create fairness between debt and equity, between corporate and non-corporate, between domestically domiciled corporations and foreign competitors.”

Trump Transition Team Lineup Hints at Future Treasury Pick

“Whoever Trump settles on for his Cabinet pick will be tasked with enormous responsibilities and likely face fierce opposition during the Senate confirmation process by progressive senators like Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., particularly if the nominee comes from a Wall Street background, according to Alex Brill of the American Enterprise Institute.”