The expiring Bush tax cuts, the deepening reach into middle income ranks of the Alternative Minimum Tax, a payroll tax system that no longer matches the demographics of Medicare and Social Security, the impact of a distant two-front war on the federal debt - these are just some of the potential challenges facing the next Administration and a Congress that will take its oath in just 13 months. The weather report for business: a "perfect storm" is brewing which will result in a tax reform effort every bit as comprehensive and far-reaching as the 1986 Tax Act. Back then, savvy businesses involved themselves early in the debate, and judiciously chose their Congressional champions, finding themselves a "seat at the table". Where will you sit?
Featured Speaker
Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce
Since assuming his position in 1997, Donohue has built the Chamber into a lobbying and political force with expanded influence across the globe. The Chamber's lobbyists, policy experts and communicators have helped secure many legislative victories, including major tax cuts, more sensible workplace and environmental regulations and increased funding for transportation. The Chamber has advanced the business argument on outsourcing and the need for balance in applying new capital markets and accounting rules, among other issues.
Program
3:30 pm - 4:15 pm The realities behind the coming Tax Reform: AMT (Alternative Minimum Tax), the expiring Bush tax cuts, crisis entitlements, growing debt numbers, tax reform options and who are the key players.
Speakers:
Mac Campbell, Partner, McKenna Long & Aldridge LLP, Former Senior Tax Counsel to U.S. Senator Blanche Lincoln (D-AR), a member of the Senate Finance Committee
Joe Dowley, Partner, McKenna Long & Aldridge LLP, Former Chief Counsel, Committee on Ways and Means (during 1986 Tax Reform)
4:15 pm - 4:45 pm What 2008 holds in store for: legislative trends in retirement security - dealing with the high cost of the Baby Boom generation, and their lack of savings, major retirement security issues confronting the next President, and pension and Executive Compensation issues.
Speaker:
Denise Trujillo, Partner, McKenna Long & Aldridge LLP, Former Chief Counsel to the financial services department of a national trade association, previously worked at the IRS and in private practice
4:45 pm - 5:30 pm Featured Speaker: Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce
This briefing is complimentary, but registration is required and space is limited. To register, please click here, or contact Ashley Gibson at amgibson@mckennalong.com or 202-496-7173.