2.6 "Lobbying & Tax Reform"

1. What problem did General Electric have with the version of the tax reform bill passed by the House of Reps?

            A particular part of the bill would have cost the company a billion dollars.

2. How is the Senate version different than the House version of this tax reform bill regarding the provision GE was worried about?

            The Senate version allows GE to use those losses when calculating tax liability.

3. How do foreign owned airlines and Delta want the tax bill to be different?

            They want the provision eliminated that would require them to pay additional taxes on US flights.

5. What will happen to the bill after it is debated and voted on in the Senate?

            A compromise bill might be formed and then sent to the President to be approved.

6. What problem do real estate company lobbyists have with the House version of this tax bill?

            The bill could hurt the housing market, raise borrowing cost, and increase tax burdens in high tax states.

7. Who does the Build Coalition represent?

            They represent corporate interest provisions.

8. How will the tax rate on corporations be changed under the House version of the bill?

            The tax rates will increase.

9. What does the Not One Penny interest group advocate for?

            They advocate for making sure the tax overhaul does not disallow for the taxation of the rich.

10. What interest group tactic have MoveOn, Tax March, and the Working Families Party been using to advocate against this reform?

            They have been using lobbying and electioneering.