2016 Tax Policy Outlook: Setting Priorities In An Election Year

While election-year politics will dominate legislative action in 2016, comprehensive tax reform remains a priority for many businesses. President Obama and the Republican leaders of Congress will face key tax policy issues, including tax reform, global tax controversy, IRS challenges, new regulatory projects, and other tax policy matters of importance to today's business leaders. The Obama administration and Congress are expected to offer competing plans on how to reform the US tax system and to promote other policies intended to increase economic growth. At the same time, both Democratic and Republican candidates seeking their party's presidential nomination are advancing tax reform plans. Leading up to the November 8 elections, elected officials are expected to highlight differences between the two political parties over how to address national security, terrorism, immigration, healthcare, energy, the environment, and other economic and social issues.