On November 16, 2017, the House of Representatives approved its tax reform package, the Tax Cuts and Jobs Act that had been released out of the House Ways and Means Committee on November 2. Thirteen House Republicans voted against the bill, mostly from states with high income tax rates. No Democrat voted for the bill.
All eyes now turn to the Senate, which is in the process of preparing its own tax reform package which, if passed, would then require reconciliation with the House bill before a single final bill can be hashed out, voted on and approved by each chamber before being sent on to the White House.
Click here for a summary of the primary provisions of that bill, as well as how they currently compare to the Senate plan. Please contact Bob Grossman or Don Johnston with questions or comments.
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