With the sunset of substantial provisions in the tax code at the end of the decade , experts all agree there will be substantial legislative changes considered in the future by Congress. Inside build-up, tax-free death benefits, and the ability to transfer ownership of life insurance to defer estate taxes are huge tax expenses that provide a potential source of significant revenue to lawmakers. The tax reform threat and the changes to the tax code will be impacted by:
-Where’s the economy going and what impact will that have on the budget?
-What does the near and long term fiscal outlook look like for the federal government?
-What policies need/should/will be considered by the Congress and how will that affect our members and their clients???
Several of our speakers during the Annual Meeting May 4-7, in Washington D.C. will help you analyze the degree of the threat and help you judge your course of action in reacting to the threat of losing the tax benefits that your products provide your clients and prospects.
Alan Greenspan, the former Chairman of the Federal Reserve, and author of best seller "The Age of Turbulence" will kick off the General Session with his omniscient view of the U.S. economy.
David Walker, the Comptroller General of the United States, returns to present an updated, nonpartisan outlook of our government's spending and how our current fiscal policy is unsustainable to our Tuesday morning audience.
Senator Kent Conrad (D-ND), Chairman of the Senate Budget Committee and member of the Senate Finance Committee will share his thoughts on what those fiscal realities will mean to the Congressional agenda in 2008 and beyond.
Chairman Bill Archer, Ken Kies, Steve or Jeff Ricchetti, and Marc Cadin will deliver the Washington Report during Monday 's General Session.
We would also like to hear from you !
Please let us know if you think the threat posed by tax reform is real or just more hyperbole emanating from our nation’s capitol…
Please share with us your concerns if you plan to participate in the fight!
Please tell us what we can provide to help you and your clients deal with the uncertainty that lies ahead.
Mike Corry
AALU President-elect
