Marc Gerson Quoted Regarding Effect of 2018 Midterm Elections on Tax Policy in Accounting Today
"Midterm Election Could Produce Gridlock on Tax Laws in Congress"
Marc Gerson was quoted regarding the impact 2018 midterm elections may have on tax policy during the lame-duck and 2019 sessions of Congress. Gerson, Firm Chair and former tax counsel for the House Committee on Ways and Means, said, "it's unclear whether there will be a robust session and an available legislative vehicle to which to attach tax items." Speaking about the 2019 session, "significant gridlock of the tax legislative agenda is anticipated," Gerson said, and "while there certainly will be messaging bills and exercises by Democrats in the tax space ... there also may be areas of bipartisan cooperation."