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Home > Thought Leadership > Guest Post: Congressman Neal Event Recap & Preparing for Tax Reform
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          BIMA
          BIMA AI: Accelerating Intelligence

          Join us for the BIMA's thought leadership panel around AI in the advertising industry and gain insights from Noor Naseer.

          09/26/2023

          5:30pm - 7:30pm

          Hill Holliday

          arrow-go
          Read More
        • ...
          City Awake
          Make Your Voice Heard: Reimagining Nightlife with Corean Reynolds

          Corean Reynold was recently appointed the Director of Nightlife Economy for the City of Boston, where she brings a wealth of experience and a passion for fostering an equitable and thriving nightlife ecosystem.

          10/04/2023

          6:00pm - 7:30pm

          Roundhead Brewing Company

          arrow-go
          Read More
        • ...
          Government Affairs
          2023 Government Affairs Forum: State Treasurer Deborah B. Goldberg

          Don’t miss our upcoming Government Affairs Forum with Massachusetts State Treasurer Deborah B. Goldberg. Register now!

          10/11/2023

          9:45am - 11:00am

          Bank of America

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          • Overview
          • Call for Nominations
          • Resources
        • EQ to Elevate Workplace Well-being

          Designed for mid-level managers and supervisors, this new certificate program addresses workplace well-being through unique, innovative, and actionable methods.

          Read More
          Transformational DEI Certificate

          Join our Transformational DEI Certificate! Our comprehensive learning & development offerings are designed to connect and grow strong leaders who lead both inside and out of the office.

          Read More
          Women’s Leadership Program

          Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.

          Read More
          Boston’s Future Leaders

          Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.

          Read More
  • Economic Inclusion
        • Economic Inclusion

          • Overview
          • Economic Inclusion Committee
          • Fierce Urgency of Now Festival
          • Pacesetters
          • Resources
        • ...
          Economic Inclusion
          Economic Inclusion

          Our Economic Inclusion Committee provides strategic support around research, policies, and programs that are focused on building equal opportunity.

          arrow-go
          Read More
        • ...
          Economic Inclusion
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          arrow-go
          Read More
        • ...
          Fierce Urgency of Now Festival
          2023 Fierce Urgency of Now Festival

          The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.

          09/12/2023 -

          09/16/2023

          Greater Boston

          arrow-go
          Read More
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          Read More
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          Read More
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          Read More
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          Read More
  • Our Networks
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          • Overview
        • OUR NETWORKS

          City Awake

          City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.

          Read More
          BIMA

          BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.

          Read More
          Women’s Network

          For nearly 30 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.

          Read More
          Massachusetts Apprentice Network

          The Massachusetts Apprentice Network convenes employers, training providers, and talent sources interested in developing and implementing apprenticeship programs in occupations across industries and statewide in fields such as tech, advanced manufacturing, healthcare, financial services, and more.

          Read More
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          Read More
          Small Business

          We support small business through public policy initiatives, events designed to connect small businesses in Greater Boston to their peers and established business leaders, professional development offerings, and free small business advising.

          Read More
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Guest Post: Congressman Neal Event Recap & Preparing for Tax Reform

October 30, 2017

On Friday, October 27th, following a momentous passing–albeit narrowly– of a GOP budget, I had the pleasure of listening to Congressman Richard Neal (D-MA) provide perspective to the Boston Chamber of Commerce. With 25 years on the Ways and Means Committee, Congressman Neal has a unique position in today’s government, being one of a few with an institutional network and long-time history on Capitol Hill.

Congressman Neal contrasted the current progress of tax reform to the 1986 tax reform efforts under the Reagan administration. Though “strong personalities” have been mapped to both efforts, in 1986 there was broad agreement on how to fix things. In today’s charged atmosphere with parties more confined to the base, Congressman Neal observed the only agreement is on what’s wrong: an outdated tax system written in 1986 that does not account for the changes in the world and the US economy over the past 31 years.

On Thursday, House Republicans accepted the Senate budget resolution giving way for Republicans to begin work on a follow-up $1.5 trillion tax cut. See the Framework here. Despite this development, significant details are needed to understand how Congress will cover the costs associated with the tax relief proposed in the framework.

The budget passing is a sign of momentum for the competitive tax system our country so desperately needs. We’re all of the opinion that we need to get past this 2% growth Congressman Neal said referring to the Ways and Means Committee statement that our current tax structure is crippling GDP growth. Major developments are expected before the year end but with parties currently less bipartisan in their efforts than in 1986, Congressman Neal cautions, “we’re more likely to get cut than tax reform and we’re all losers if that’s what happens.

While we await markup and debate, the uncertainty underscores the importance of evaluating and planning. At PwC we are helping companies identify trigger points and evaluate benefits with our Tax Restructuring Impact Model (TRIM). Companies, especially global companies with US operations, will need to stay abreast with how impending tax reform will affect their business. While no one can predict exactly how this will all shake out, it is safe to say that change is likely and companies should be considering the impacts of the potential opportunities – and challenges – now.

View a video of the program  below, thanks to our partners at Comcast!