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Tuesday, June 20, 2017

ABA, Financial Trade Groups Meet with Trump Team on Tax Reform

As the Trump administration works to advance its tax reform initiative, ABA yesterday took part in a meeting with representatives from the National Economic Council, Treasury Department and other financial industry groups to provide feedback.

ABA President and CEO Rob Nichols, who attended the meeting on behalf of ABA, expressed his support for pro-growth tax reform that includes lower rates and simplification. Nichols emphasized that the administration must carefully analyze the potential direct and indirect effects of certain proposals, such as those that would restrict the deductibility of net business interest expense. ABA continues to engage with the administration and take part in discussions with policymakers as tax reform moves forward.