Villanova University Graduate Tax Program Tax Policy Symposium Tax Reform in 2017 – Exploring the Blueprint Thursday, June 1, 2017

Current Tax Reform Proposals The Tax Reform Act of 2014 (the Camp Bill) – introduced by Dave Camp in December 2014 A Better Way: Our Vision for a Confident America (the House Blueprint) – released June 24, 2016 President Trump’s Tax Plan – announced April 26, 2017 Senate’s Corporate Integration Plan – proposals are being developed to eliminate double taxation of corporate income

Sources of US Tax Revenue 2015 Total Revenues $3.25 Trillion (18% of GDP)

G-7 Corporate Tax Rates - 2016

Percent of Total Income Taxes Paid, by Income Level

Are the Stars Aligned for Tax Reform? Tax Reform Act of 1954 Tax Reform Act of 1986 ??? 32 years 31 years 1954 1986 2017

Are the Stars Aligned for Tax Reform? Tax Reform Act of 1954 Tax Reform Act of 1986 ??? 32 years 31 years 1954 1986 2017

Patrick Meehan Representative of the Seventh District of Pennsylvania in the U.S. Congress and member of House Ways and Means Committee