Talking Tax Hill Roundtable - Episode 71 - Capitol Hill Gets Involved in Tax Law Implementation
This summer is shaping up to be an important one for tax lawyers as they await regulations on some of the new tax law's most complicated provisions. Top Treasury Department officials have said guidance on the law's 20 percent deduction for pass-through businesses could come in early summer and proposed regulations on a one-time tax on companies' accumulated offshore earnings may follow shortly thereafter. House Ways and Means Committee Chairman Kevin Brady (R-Texas), who played a critical role in getting the new law passed, has met with Treasury officials, including Secretary Steven Mnuchin and Assistant Secretary for Tax Policy David Kautter, to discuss a regulatory road map for the remainder of 2018. Hill reporters Kaustuv Basu and Allyson Versprille spoke with Talking Tax host Amanda Iacone June 11 to discuss that meeting, the outlook for tax guidance, and other Capitol Hill news for the coming week.