The chances for comprehensive tax reform occurring in the wake of Tuesday’s elections are murky at best, with a divided Congress and a re-elected President who has been unable to persuade Republicans to support his tax policies.
Andy Mattson, a partner with Mohler, Nixon & Williams, a firm in Silicon Valley that is part of the Moore Stephens North America association, provided his perspective on the election while attending the AICPA National Federal Tax Conference in Washington, D.C. He cautioned that his personal views do not represent those of the AICPA.
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