Miller & Chevalier and the National Foreign Trade Council (NFTC) announced the results of their Tenth Annual Tax Policy Forecast Survey, which encapsulates leading tax executives' perspectives on the upcoming tax legislative agenda. According to this year's results, while presidential and congressional elections should contribute to continuing substantive discussions of comprehensive tax reform in 2016, expectations for actual legislative action are low. Respondents point to Republican presidential candidates as having more favorable tax policy conversations than Democratic presidential candidates and say Republican control of both the House and Senate would create the greatest likelihood of tax reform over the next two years. Zero percent of respondents believe comprehensive tax reform will be enacted this year and nearly 11 percent of respondents think it will never happen.
The survey is led by Miller & Chevalier Member Marc J. Gerson, who is Vice Chair of the firm's Tax Department and former Majority Tax Counsel to the U.S. House of Representatives Committee on Ways & Means.
To date, press coverage of the survey has included articles in a variety of publications, including Forbes, Tax Analysts, Politico, Bloomberg BNA, The Hill, Tax-News, AccountingWeb, Morning Consult,The TaxProf Blog, IRSLogics, Tea Party Patriots and NVS24.