I joined CNBC‘s Squawk Box over the holiday break to talk about the prospects for an infrastructure package in the wake of tax reform.
The upshot–it won’t be easy to find partisan consensus on what “infrastructure” looks like, much something that can get the necessary buy-in from congressional Dems.
Hurdles ahead for infrastructure programs in 2018 from CNBC.
It’s been a hectic few months in Washington, and this week was no exception. With that in mind, here is a bonus episode featuring PRG’s resident tax expert Liam Donovan on the latest in tax reform and what’s up next for the Conference Committee, final vote, and beyond. Tune in for a look behind the scenes and lots of seasonal analogies.
I spoke to Laura Davison of Bloomberg BNA about the implications of the Senate’s 11th hour reinstatement of the AMT:
Curbing the state and local tax deduction while keeping the AMT creates an interesting interaction because many AMT payers are the same people who could have large SALT write-offs. SALT isn’t deductible under the AMT, but lawmakers had used the argument that repealing the AMT would lessen the pain of restricting SALT deductions, said Liam Donovan, a tax lobbyist at Bracewell LLP in Washington.
“This makes it harder for the medicine to go down,” he said.
Read the full piece here.