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Wolters Kluwer's Blue Chip Financial Forecasts Suggests Less Certainty that Congress Will Approve Comprehensive Tax Reform Legislation in 2017

The March issue of Wolters Kluwer'sBlue Chip Financial Forecastsindicates growing uncertainty that Congress will approve comprehensive tax reform this year. The Blue Chip panel consensus puts the odds at 55.5 percent that Congress will pass comprehensive reform legislation in 2017, representing a sharp drop from nearly 80 percent last month.

This drop can be attributed to greater-than-anticipated opposition to the border adjustment tax, especially in the Senate, coupled with the difficult

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