![Capitol building](https://jdsupra-html-images.s3-us-west-1.amazonaws.com/dd0d9a42-4d58-45c3-a9ee-a12ecd3648e6-Capitol-building-620x272.jpg)
Last week, I was at the ABA Tax Section meeting in DC, and one refrain that I heard over and over is that tax reform is a major priority for Congress. The Obama administration has basically shut down the possibility of personal tax reform by threatening a veto on any legislation that lowers the top individual tax rate from 39.6%. However, business tax reform continues to be open for discussion, and there is a strong appetite for lowering the corporate tax rate. The key issue, though, is that any tax reform will have to come soon – before the presidential campaign over shadows everything.
Stay tuned!