What an exciting month so far for tax reform! We have an amended bill passed by the House Ways and Means Committee (by vote of 24-16). The bill, H.R. 1, Tax Cuts and Jobs Act, was introduced just one week earlier. On November 9th, the Senate Finance Committee also released a 253-page summary by the Joint Committee on Taxation (most of the pages describe current law).
Tag Archive for Observations
14 Nov 2017
19 Oct 2017
On September 27, 2017, the Big 6 released their Tax Reform framework to guide the drafting of Tax Reform Legislation. Here is my summary and observations.
The plan also states President Trump’s Four Principles of Tax Reform:
- Simple, fair, easy to understand
- Give American works a pay raise.
- Make America a jobs market of the world
- Bring back trillions of dollars of unrepatriated earnings