Marc Gerson commented on the likelihood of corporate tax reform during the Trump administration, describing it as the biggest priority right out of the gate, particularly when combined with a Republican-controlled Congress. "That creates a window of opportunity to have a comprehensive tax reform discussion in 2017," said Gerson, who predicts a significant reduction in corporate and individual tax rates and significant changes to international taxation, especially on corporate earnings abroad and repatriation provisions. "Those are the lynchpins," he said. "There will be a lot of energy behind moving something." 
 
To companies preparing for the new administration, Gerson said, "If you haven’t looked at the Republican blueprint that came out in June, you need to be doing that in short order. Since it was published, the House Ways and Means Committee has been developing legislative language, meeting with stakeholders. That's going to be the main document on which the tax reform effort will be based."