Tax Policy Practice

Comprehensive tax reform will impact all industries including manufacturing, energy, agriculture, high-technology, non-profits, health care and defense. The Franklin Partnership, LLP, has the extensive experience to effectively represent clients’ interests as tax legislation is debated and enacted. The Franklin Partnership continues to succeed in providing clients representation on their policy priorities before Congress, White House policy staff, the Internal Revenue Service, the Department of the Treasury and other government entities.

The Franklin Partnership’s years of combined experience have resulted in strong relationships with key congressional committees such as House Ways and Means, Senate Finance, the Joint Committee on Taxation, among others. Founding Partner John Guzik previously served as Chief of Staff for Ways and Means Chairman Dave Camp.

Tax policy, in particular, will require a broad coalition of bi-partisan support from Congress, federal agencies and key Administration officials. We aim to position our clients to stay ahead of the curve and influence policymaking before those in government take an irreversible public stance.

• Instrumental in the creation of Sec 199, the Domestic Production Activities Deduction, in the American Jobs Creation Act of 2004
• Worked to help secure extensions of various tax provisions including Bonus Depreciation, R&D Tax Credit and Sec. 179 Expensing Deduction
• Collaborated with the S Corporation Association to protect the interests and prevent harmful tax policy for America’s 4.5 million S-Corps
• Worked to redefine the employer/employee relationship under the law for the purposes of benefits/pensions
• Developed a tax policy model to examine the impact of various policy changes on the cash flow of manufacturing businesses