CUNA President/CEO Jim Nussle appeared on CNBC’s Squawk Box Tuesday morning to share thoughts on the tax reform process. Nussle has extensive experience on the topic as he served in Congress from 1991 to 2007 and as director of the Office of Management and Budget from 2007 to 2009.
“Having actually quarterbacked a tax bill to the end of the process, from beginning to end, including negotiation with the Senate and White House, this is a tough thing to do, especially when you start off with as much disagreement as it appears they have [in Congress],” Nussle said during the interview.
During the segment, Nussle discussed the potential timeline for Congress to pass a tax reform passage. The first step is to pass a 2018 budget, Nussle noted, then a framework would need to be built, sent to committees before consideration by the House and Senate.
Nussle also opined on what Americans are looking for in potential tax reform, and how those discussions will factor into the 2018 election cycle.