The Trump Presidency: What Could You Expect in the First 100 Days?

Transcription

1 The Trump Presidency: What Could You Expect in the First 100 Days? Thursday, January 19, 2017 Copyright 2017 by K&L Gates LLP. All rights reserved.

2 INTRODUCTION & WELCOME Terry McCallister, Chair for the GWBOT and Chief Executive Officer, WGL Holdings, Inc. and Washington Gas. The Honorable James T. Walsh, former Republican Member of the House of Representatives from New York and current Government Affairs Counselor at K&L Gates.

3 Amy Carnevale, Government Affairs Advisor at K&L Gates, who, during the 2016 election, served as a member of Donald Trump s Massachusetts Leadership Team and was elected as a Trump delegate to the Republican National Convention and then to the Convention s Platform Committee.

4 LESSONS FROM THE CAMPAIGN TRAIL Outlook Working People American Interests Fair Deals Style Trump Instincts Bully Pulpit HUUGE

5 TRANSITION OFFICE Establishment Uneven Early Start Laser Focus on Hiring Disciplined Structure Policy Teams Landing/Beachhead Teams Sherpas Executive Advisors/New York

6 POLICY AGENDA Day 1 Week 1 Executive Orders Rulemaking Executive Actions (TPP, Energy, China) First 100 Days Health Care Trade Congressional Review Act Supreme Court Border

7 POLICY AGENDA First 100 Days Continued Immigration Foreign Assistance Defense Supplemental First 200 Days Healthcare - Replacement Tax Reform Infrastructure FY 2017 Funding National Security

8 AFFORDABLE CARE ACT Commitment to Repeal Budget/Reconciliation Drivers for Both Immediate & Longer-term Phase Outs Replacement Timing and Process Remains Fluid Engagement by President Likely to Drive Process

9 Stacy J. Ettinger, Partner at K&L Gates, has more than 20 years of congressional and federal agency experience, including over nine years as senior legal and policy advisor to the new Senate Democratic Leader, Chuck Schumer, and 15 years as a senior attorney at the U.S. Commerce Department representing the United States in bilateral and multilateral trade negotiations, supervising unfair trade investigations, and representing the United States in over 30 appearances in WTO dispute settlement proceedings.

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11 Mary Burke Baker, Government Affairs Advisor at K&L Gates who served for six years with the Senate Committee on Finance, and for more than 25 years in a variety of technical and management positions at the Internal Revenue Service, including large-case team coordinator and Manager of the Office of Tax Shelter Analysis.

12 9 VOTES: THE FORMULA FOR TAX REFORM GOP control of White House, House and Senate + Budget reconciliation + 51 Senate votes = Tax reform in 2017

13 WALK SOFTLY BUT CARRY A BIG STICK Border Adjustment Tax

14 51 VOTES AND THESE COULD BE LAW Lower tax rates Full expensing of capital investments (except land) Repatriation Territorial Loss of deductions and credits No net interest deduction Border adjustment

15 The Honorable John M. McHugh, former Secretary of the Army under President Obama, former Republican Member of the House of Representatives from New York and current Government Affairs Counselor at K&L Gates.

16 DEFENSE AND NATIONAL SECURITY LEADERSHIP Vincent Viola Army Secretary Rep. Mike Pompeo CIA Director Gen. James Mattis (Ret.) Defense Secretary Sen. Dan Coats Director of National Intelligence Gen. John Kelly (Ret.) Homeland Security Secretary Michael Flynn National Security Adviser

17 EXECUTIVE DEFENSE POLICY OUTLOOK Repeal defense sequester Work with Congress to fully repeal the defense sequester and submit a new budget to rebuild the military Build-up military Increase U.S. Army to 540,000 active duty soldiers (President Obama plan would reduce active duty soldiers to 460,000). Rebuild the U.S. Navy toward a goal of 350 ships (Current expansion plan would expand to 308 ships). Build an Air Force of at least 1,200 fighter aircraft (Currently ~1,100 fighter aircraft). Grow the U.S. Marine Corps to 36 battalions (Currently 24 infantry battalions). Invest in missile defense and offensive cyber tools

18 EXECUTIVE DEFENSE POLICY CONT. Defeat ISIS Plan and execute aggressive joint and coalition military operations Work with international coalition to cut off ISIS funding, expand intelligence sharing

19 CONGRESSIONAL DEFENSE POLICY OUTLOOK McCain-Thornberry 17 proposal $640 billion base defense budget for FY18 $54 billion over Pres. Obama plan Restoring American Power $430 billion in added defense dollars over the next five years Navy Above five year budget projected in Pres. Obama s plan $100 billion over Budget Control Act caps 274 ships TODAY Chief of Naval Operations projects needed, total 355 ships Projects procuring 59 ships over next five years (18 more than under Pres. Obama plan) 5 fast attack subs, 5 fleet oilers, 3 Destroyers, 2 Amphibs, 2 undersea surveillance ships, 2 patrol ships, 1 aircraft carrier, 1 small surface combatant

20 CONGRESSIONAL DEFENSE POLICY CONT. Marine Corps Current force 182,000 Plan to add 3,000 per year through 2022 to reach 200,000 Air Force 20,000 increase in end strength over the next five years Projects a need for 1,500 combat coded aircraft, 400 above current 1,100 fleet Army Conduct new force sizing study Proposed increase in end strength of 8,000 per year through 2022

21 The Honorable James T. Walsh, former Republican Member of the House of Representatives from New York and current Government Affairs Counselor at K&L Gates. During his tenure in Congress, he served as a deputy Republican whip, was appointed as a member of the powerful House Appropriations Committee, and served as Chairman of four House Appropriations Subcommittees.

22 TRUMP ADMINISTRATION FIRST 100 DAYS

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28 THANK YOU! QUESTIONS?

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