Federal Tax Reform: is there change on the horizon?

Three experts (Matthew F. Kadish, partner in the Cleveland law firm of Kadish, Hinkel & Weibel and VP of legislation of the Small Business Council of America, Timothy Michaels, partner with Deloitte and Touche, LLP, Columbus, and E. Lynn Nichols, of New Castle, PA, a sole practitioner providing...

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Bibliographic Details
Published in:Catalyst (2002) 2006-03, p.10
Main Authors: Kadish, Matthew F, Michaels, Timothy, Nichols, E Lynn
Format: Article
Language:English
Subjects:
Alternative minimum tax
Bipartisanship
Capital gains
Grass roots movement
Legislation
Mortgages
Politicians
Politics
Presidents
Proposals
Provisions
Reforms
Speeches
State taxes
Tax reform
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Summary:Three experts (Matthew F. Kadish, partner in the Cleveland law firm of Kadish, Hinkel & Weibel and VP of legislation of the Small Business Council of America, Timothy Michaels, partner with Deloitte and Touche, LLP, Columbus, and E. Lynn Nichols, of New Castle, PA, a sole practitioner providing tax consulting services and founder of Nichols Education Corp) were gathered to discuss the significance and potential impact of the proposed plan to reform the federal tax system. Kadish said that the tax reform plan Pres Bush touted in 2005 has taken a back seat in terms of pure legislative agenda. Nichols said that if anything has a chance of passing it would be the repeal of the Alternative Minimum Tax. Michaels added that looking at the provisions that have been proposed, he likes the idea of not taxing income when it is invested, either in a dividend or capital gain.
ISSN:1544-158X