Advice to companies: Don’t be on ‘menu’ when Trump looks to pay for tax cuts – Washington Examiner
The article discusses the potential implications of Donald Trump’s upcoming presidency and the focus on tax reform. It highlights his plans for the first 100 days, particularly his intent to implement executive orders related to border control and regulatory reduction, alongside pursuing a tax cut agenda reminiscent of his 2017 initiatives. With a conservative Congress likely supporting these efforts, businesses are urged to proactively engage in the discourse, protect their interests, and share their narratives to avoid being sidelined. Jeff Grappone, a former Capitol Hill staffer now at ROKK Solutions, emphasizes the importance of companies planning ahead to effectively communicate their positions during this politically charged period.
Advice to companies: Don’t be on ‘menu’ when Trump looks to pay for tax cuts
President-elect Donald Trump has a long to-do list ready for his first 100 days, with a first-day focus on executive orders to close the border and slash regulations.
Topping the list of legislation is tax reform and tax cutting, including renewal of the tax cut plan he pushed through in 2017 during his first presidency.
And with a new and more conservative Congress set to take up the Trump plan, companies around the nation are being advised to play ball and help, but also to look out for themselves.
“If you don’t tell your story, someone else will. Now’s the time to make a plan to be prepared,” said former Capitol Hill staffer Jeff Grappone, the executive vice president at Washington’s ROKK Solutions public affairs firm.
Celebrating a great victory with my friend and former boss, Governor-elect @KellyAyotte. #NHPolitics pic.twitter.com/6mhQ9fV673
— Jeff Grappone (@jeffgrappone) November 6, 2024
“The future of the Trump tax cuts will be next year’s major legislative battle. As tax writers hunt for pay-fors, companies need to make sure they’re not on the menu,” he told Secrets.
Sometimes, corporations, trade associations, towns, and even Native American tribes look at new administrations as a place to cash in.
But Grappone’s call for defense first is wise advice as the new administration moves with plans to look at targets in its bid to “drain the swamp.”
He told us, “Preparing for the 119th Congress, the most pressing priority for companies and associations will be to educate new lawmakers and executive branch appointees about their value proposition. It’s especially important to prepare materials that explain clearly and concisely companies’ American investments. That includes total investment, facilities, number of workers, academic partnerships, and programs to support key groups — such as veterans. It’s critical for companies to protect themselves by telling their story, through paid and earned media, on their own terms.”
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