A final tax package is bound to be the result of compromise. Some CEOs are eager for that deal-making to get under way -- even if it means deficits.
“The signal from the administration this year that they’re willing to accept a higher deficit in the near term in order to get tax reform through makes sense and I support it,” AutoNation chairman and chief executive Michael Jackson told Bloomberg News.
But for others, a tax cut of just a few years is a nonstarter, said Mark Everson, a former Internal Revenue Service commissioner and now vice chairman of tax consulting firm AlliantGroup.
“There’s no doubt that business owners large or small want permanency,” said Everson. “They want to know the rules of the road before they make hiring or investment decisions or projections out 10 or 20 years.”
This article was provided by Bloomberg News.