Although tax reform remains the biggest issue on the business-related agenda before year-end in Congress, the national issue on the minds of many Wisconsin private business owners remains health care policy, say private-equity industry executives.
That was the thrust of comments from panelists at the Milwaukee Business Journal’s Private Equity CEO Roundtable held Sept. 12. Representatives of private-equity firms said executives at their portfolio companies aren’t spending much time or effort on basing business strategies or transactions on a possible federal tax cut.
“It’ll be wonderful if it happens … but not a single business of ours is sitting waiting for Congress to act on tax reform,” said Vince Shiely, a partner at Lubar & Co. in Milwaukee. “There’s just a total neutral aspect to the expectation.”
President Donald Trump said in a Labor Day column in the Milwaukee Journal Sentinel that his administration was “launching efforts to reduce the crushing tax burden that is harming our companies and our workers.” Trump pledged to fundamentally reform the federal tax code for the first time in more than 30 years. Read the full story here.