Tax overhaul legislation officially became law on Friday, December 22, 2017, with President Donald Trump’s signature.
Northwestern Mutual’s Government Relations team, with strong industry leadership by CEO John Schlifske, spent the fall weighing in on these sweeping tax changes, defending policyowner interests and working to ensure the company was treated fairly under this new tax regime. Partnerships with home office experts and field leaders engaged in the process helped Northwestern Mutual reach a good result.
The home office is already working hard to provide support and materials to assist in understanding and communicating the many changes in the new law. A LINKnet site was rapidly established to put together a reference source for the field in particular. As additional news, reliable analysis and valuable perspective becomes available, the company will share it with affected field members, home office employees and clients as quickly as possible.