On May 11, 2021, TEI officially weighed into the brewing tax reform debate in Washington, D.C., through the issuance of its new Guideposts for Tax Policy. The guideposts are intended to highlight a series of high-priority, broadly applicable principles of sound tax policy to inform the current deliberations in the 117th Congress and Biden administration. They are also intended to lay a solid, principles-based foundation to support TEI’s substantive, issue-focused advocacy activities in the weeks and months ahead. TEI encourages policymakers to adopt these guideposts as pillars of a sound analytical framework for evaluating proposed changes to the U.S. tax system.
TEI’s new Guideposts for Tax Policy were developed jointly under the aegis of TEI’s Tax Reform Task Force, whose chair is Jason Weinstein. Principal responsibility for drafting TEI’s comments was exercised by Watson M. McLeish, TEI Tax Counsel.