Outlook Good for Passage of Tax Reform in 2014, Veterans of Tax Reform Act of 1986 Predict 

Published March 21, 2013

Prospects for enactment of tax reform legislation in 2014 are good, according to two members of the American Institute of CPAs (AICPA) who helped write the Tax Reform Act of 1986.  At a March 18 media briefing sponsored by the AICPA, Don Longano, former Democratic tax counsel to the House Ways and Means Committee, and Mel Schwarz, a former Joint Committee on Taxation staff member, talked about the ups and downs of getting the 1986 Act through Congress and how the 1986 process compares to the current effort to reform the tax code.  Longano is the chair of the AICPA’s Task Force on Tax Reform and a principal at PricewaterhouseCoopers in the firm’s Washington National Tax Services office. Schwarz is a member of the AICPA Tax Reform Task Force and a partner at Grant Thornton, as well as the director of tax legislative affairs in the firm’s national tax office.  The March 19 Journal of Accountancy story reports on the discussion with Longano and Schwarz. 


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