Skip to content
Matrix Global Advisors
Matrix Global Advisors
  • Home
  • About
  • News
  • Our Work
  • Contact
  • Home
  • About
  • News
  • Our Work
  • Contact
Sep12017
News

Economist Warns of Dire Consequences if Tax Reform Stalls

Jonathan Curry | Tax Notes

“[Alex Brill] emphasized that Congress’s tax reform timeline should not be dictated by attempts to ‘micromanage the quarter-by-quarter performance of the U.S. economy.’ Still, Brill acknowledged that it’s politically important to prioritize and maintain momentum on tax reform. ‘Moving slowly raises the risk that the process will never conclude,’ he said. ‘A protracted process faces higher risks of political interference, and there are always competing legislative matters that can interfere and further delay a slow-moving reform agenda item.’ . . . Brill said he did not foresee what he called an ‘economic cliff’ if tax reform stalls. Rather, he said the consequence of failure would be more of the same: ‘More U.S. firms will be acquired by foreign firms, more investment will be made abroad instead of domestically, more stagnant wage growth, and more misallocation of capital.'”

Read Here

September 1, 2017Category: News

Post navigation

PreviousPrevious post:3 Reasons Why Tax Reform Could Have Unintended ConsequencesNextNext post:MGA’s Alex Brill on CNBC’s Squawk Box
  • Analysis(27)
  • Books(2)
  • Events(13)
  • Interviews(33)
  • News(43)
  • Op-Eds(59)
  • Press Releases(2)
  • Testimony(18)
  • Almost-Speaker McCarthy
    November 23, 2020
  • Nursing Homes Prepare for Third COVID-19 Surge
    October 26, 2020
  • Impact of the Coronavirus Pandemic on Red, Blue, and Swing States
    October 20, 2020
  • Trump Roils Markets with Conflicting Statements on Pandemic Relief
    October 7, 2020

Website Design and Developed by DreamBig Creative