I spoke to Allyson Versprille of Bloomberg Tax regarding House Republicans’ latest attempt at a lame-duck tax package:
“The clear imperative of this package is to cobble together 218 votes and get it to the Senate, and everything that has been included or omitted was done to that end,” said Liam Donovan, a principal at Bracewell LLP in Washington.
For example, the relief from the various ACA taxes is a major priority of key business groups and the law’s ideological foes, while social conservatives support the provision allowing unborn children to be named beneficiaries of college savings plans, Donovan told Bloomberg Tax in an email.
Other provisions, such as collegiate housing grants for Greek organizations “satisfy noncontroversial niche priorities for individual members,” he said.
“All serve some purpose at the margins toward hitting the magic number,” he said.
Read the full piece here ($).