Philip English Quoted in The Wall Street Journal article on Proposed GOP Tax Reform
Philip English, an Arent Fox Senior Government Relations Advisor spoke with The Wall Street Journal about the proposal by Republicans to overhaul the tax code.
The article describes a particular piece of the House-passed health care bill that would retroactively cut tax on pharmaceutical companies, capital gains, and health insurance. The House bill would make the effect date of these cuts January 1, 2017. According to the article, Republicans in the Senate are unsure about this part of the legislation. Phil, a former House GOP Representative from Pennsylvania, said, “Republicans may end up prioritizing some tax cuts over others.” For example, Phil continues, “The investment income tax faces strong GOP opposition…and repealing a tax on medical devices has bipartisan support. Other face a less certain path.” To read the article in full, click here.