TheStreet.com quoted Tax Principal Michael D'Addio in an article about tax reform and the American Health Care Act.
By Emily Stewart
The spending reductions and tax cuts entailed in the AHCA sort of greases the wheels for future tax reform, [said] Michael D’Addio, principal at accounting and advisory firm Marcum LLP.
“One of the significant elements of the House trying to pass the AHCA is the fact that a lot of the tax cuts that otherwise would be in the broader bill are now contained in the AHCA, plus the AHCA has a lot of spending cuts,” he said. “That helps them fund the tax bill that is now going to be proposed, particularly taking it through the reconciliation process, where it has to be basically deficit-neutral.”