Blog Post 2.6 "Lobbying & Tax Reform"
Wall Street Journal Article 1. What problem did General Electric have with the version of the tax reform bill passed by the House of Reps? 1. The new bill costs them roughly $1 billion in new taxes. 2. How is the Senate version different than the House version of this tax reform bill regarding the provision GE was worried about? 2. The senate bill renders GE less liable to be taxed due to losses abroad. 3. How do foreign owned airlines and Delta want the tax bill to be different? 3. It would add taxes to income earned on flights in the US, even if the airline wasn't American. 5. What will happen to the bill after it is debated and voted on in the Senate? 5. It will either be discarded upon failing or be presented in a joint committee with the House to amend any differences and combine clauses into a single bill. New York Times Article 6. What problem do real estate company lobbyists have with the House version of this tax bill? 6. They claim that...