Last month’s enactment of the Tax Cuts and Jobs Act represented the first major overhaul of the federal tax code in more than 30 years.
As individuals and businesses come to grips with how the new law will impact them, the Mobile Area Chamber of Commerce and Adams and Reese, LLP are teaming up to host a Federal Tax Policy Forum in Downtown Mobile this Wednesday and inviting the South Alabama business community to come take part.
Congressman Bradley Byrne will offer comments from his perspective of working on the tax bill and Axios Edior-in-Chief Nick Johnson will moderate a panel of tax policy experts who will discuss the myriad effects of tax reform.
Joining the panel will be:
- Sandy Davis, Senior Advisor, Bipartisan Policy Center (Bio)
- Eric Toder, Co-Director and Institute Fellow and the Brookings Tax Policy Center (Bio)
- Alex Rowell, Tax Policy Analyst at the Center for American Progress (Bio)
- Adam Michael, Tax Policy Analyst at the Heritage Foundation (Bio)
- Caroline Harris, Vice President for Tax Policy and Chief Tax Policy Counsel at the U.S. Chamber of Commerce (Bio)
- Joe Garett, Deputy Commissioner of the Alabama Department of Revenue (Bio)
- Johnny Lyle, Partner and Tax Team Leader Adams and Reese, LLP (Bio)
Michael Berson, who organized the event, said the goal is to help inform the public about new law and start a dialog about how tax policies impact the business community.
“The $1.5 trillion sweeping tax reform recently enacted will have wide-ranging effects on the economy,” Berson said. “What the new tax code means for middle to low income tax payers, as well as businesses large and small is of the utmost importance to people all across the country, including right here in Mobile. For the first time in over three decades, we have historic, comprehensive tax reform and with that brings a lot of uncertainty. This tax forum is a proactive measure to educate everyone in our community who wants to understand how they will be impacted and is concerned about their fiscal well-being.”
Byrne said the cavalcade of companies announcing increased wages, special bonus, and new expansions to create jobs have validated what he and other tax reform supporters predicted.
“Businesses of all sizes across the United States will benefit from passage of the Tax Cuts and Jobs Act and that includes businesses in Southwest Alabama. I look forward to this opportunity to highlight how the tax reform bill will make the American economy boom again and how that will directly benefit workers across Alabama.”
The even takes place Wednesday, January 24 from 7:30-9:00 a.m. in the Battle House Hotel’s Moonlight Ballroom. There is no charge to attend, but the Chamber does ask that those planning to attend RVSP by calling 251-431-8621 or emailing email@example.com.