Home » News
Filter by category:

Treasury Secretary Mnuchin Says Tax Reform Will Conclude by August 2017

 

Treasury Secretary Steve Mnuchin said that he wants to see very significant tax reform passed before Congress' August recess. However, Congress is working through a complex agenda and many of the primary tax policy writers believe the House will not complete a bill until next year.

President Trump has promised to detail a tax plan in the coming weeks. He has not stated whether it is a version of his proposal outlined during the campaign or if it will resemble the House Republicans' plan. Secretary Mnuchin said the Trump administration is "primarily focused on a middle-income tax cut and a simplification for business” which he said is “key to boosting economic growth to 3% annually or higher.” He also stated that the administration has looked at the border adjustment tax and is aware of some of the concerns with it. The border adjustment tax is a key provision of the House Republican tax plan which would tax imports and eliminate the tax on exports.

Throughout the tax reform debate, PMAA will continue to weigh in on provisions that are particularly important to petroleum marketers such as the estate tax and LIFO. PMAA is still reviewing the border adjustment tax and will have additional information at a later date on how it will impact petroleum marketers.

Federal Tax







RINAlliance HEALTHAlliance Unified Contracting Services Renewable Energy Group Altria AssuredPartners EMC Insurance Seneca Companies Cylinder Express Otter Creek Country Stores, Inc PMMIC Insurance Jet Gas Flint Hills Mulgrew Oil Rainbo Oil Company Westmor Industries Midwest Petroleum Equipment GROWMARK Energy HTP Energy Seneca Tank Sinclair Molo Petroleum MAST ATM McDermott Oil Co Valero Shell Federated Insurance Core-Mark Cenex BP McGowen, Hurst, Clark & Smith PC Central Bank Iowa Lottery Elliott Oil Company Community Oil Company Kwik Star Delta Dental Reif Oil Phillips 66 Wellmark
PMCI Facebook PMCI Twitter PMCI LinkedIn
Home   |    About FUELIowa   |    Site Map   |    Privacy   |    Contact Us   |    ©2019 FUELIowa, All Rights Reserved
10430 New York Ave., Suite F, Urbandale, IA 50322-3773   |    P. 515.224.7545   |    F. 515.224.0502
Home
About FUELIowa
Site Map
Privacy
Contact Us
10430 New York Ave., Suite F, Urbandale, IA 50322-3773
P. 515.224.7545
F. 515.224.0502
©2019 FUELIowa, All Rights Reserved