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Press Release: Split Congress will limit tax changes, execs say

Call for tax policies to increase global competitiveness: Miller & Chevalier survey

By Other Sources | Updated on February 09, 2011

Washington, D.C. – Miller & Chevalier Chartered today announced the results of their 2011 Tax Policy Forecast Survey measuring the current perspectives and attitudes of leading corporate tax executives on the direction of tax policy in the coming year. The results point to an anticipated modest tax legislative agenda for 2011, despite indications that both the Administration and the Congress have an interest in pursuing fundamental tax reform.

“Expectations for significant tax legislation are low for the coming year. The business community sees the split in Congressional control, coupled with increased concern regarding the deficit and the anticipated focus on longer-term fundamental tax reform, as likely putting a significant damper on the tax legislative agenda for 2011,” said Miller & Chevalier Member Marc Gerson, former Majority Tax Counsel to the U.S. House of Representatives Committee on Ways & Means.

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