Growing and improving the economy was a key platform for the Trump campaign in 2016, and now we’re beginning to see his plans play out in real time, most recently, with the release of the new administration’s tax plan.
Mark Calabria, the Chief Economist for Vice President Mike Pence, shared his insights with the 2017 IPASummit audience of over 240 members. Calabria, who discussed in broad strokes the forthcoming tax plans from the current administration, reinforced that while there will be significant cuts and simplification, any corporate tax reform will be geared towards fixing the economy.
As the country continues to recover from the financial crisis, Calabria told the audience that one of the President’s main priorities will be to reduce regulatory burden so that productivity can be increased.
“What is not currently being recognized is the work that the Trump administration is doing on the regulatory front,” said Calabria. “The most important things we will accomplish will be on the regulatory front.”
Though not the topic of his keynote address, Calabria received several questions from the audience regarding the Department of Labor. Ending his remarks, Calabria urged IPA members to remember that their voice in advocating for issues, like the Fiduciary Rule, will always be a powerful tool in accomplishing a positive outcome.
IPASummit 2017 Recap