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

‘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

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.”

Border Adjustment Tax: $260 Billion More Than You Thought

Border Adjustment Tax: $260 Billion More Than You Thought

If the House Republican plan for a border adjustment tax were adopted, many large U.S. multinationals and others net exporters would receive more tax subsidy on their exports than tax owed on their other business activities. Without refundable credits, a 20% border adjustment tax would actually yield $260 billion in revenue beyond the expected $1 trillion.

MGA’s Alex Brill Serves as a Panelist at Opportunity America’s “This Way Up: Economic Mobility for Poor and Middle-Class Americans”

MGA’s Alex Brill Serves as a Panelist at Opportunity America’s “This Way Up: Economic Mobility for Poor and Middle-Class Americans”

At an event on conservative policies for helping poor and middle-class Americans, Alex Brill discussed how best to promote upward mobility: “I think that in the long run, if we provide some relief or assistance to those workers and those families without the kind of structural reforms that Speaker Ryan was talking about — closing the skills gap and things like that — then what are we going to do ten years from now when those people aren’t moving up through the system?”