We have been working very closely with ML Strategies for the last 2 months and have already noticed the impact we are making having them on our side. The Advocacy Committee has been working with them to develop a Strategic Plan. Find the Strategic Plan here. ​

We are pleased to share this Advocacy Report for December 2016 and January 2017, updating NAHEFFA on developments related to tax reform on Capitol Hill, the new Trump Administration, and how we are working with NAHEFFA(in close coordination with Chuck Samuels) to defend non- profit tax exempt bonds (TEBs).


UPDATE: RECENT DEVELOPMENTS IN TAX REFORM 
In addition to the start of a new congress and a new administration, this year marks the 30th anniversary of the Tax Reform Act of 1986, a landmark bill that is recognized as the single largest reform of the U.S. tax code in the nation’s history. There seems to be broad consensus across the political spectrum that the time has once again come for an overhaul of the tax code. The election of a new Republican president who will work alongside a House and Senate with Republican majorities seems to have created the perfect scenario for comprehensive tax reform in 2017 – most likely through budget reconciliation, which is an accelerated process that would permit the GOP to more easily pass tax reform legislation without a potential Senate filibuster. 


One of the initial items taken up by the new congress was a first-step in the repeal of Obamacare via the Fiscal Year 2017 budget resolution. The resolution includes tools to allow repeal legislation to move through a fast-track process and pass with a simple majority in the Senate, as in the House; and reconciliation instructions to accommodate legislation to ultimately repeal and replace Obamacare, and to accommodate patient-centered health care reform legislation in the future.