Long-Awaited “Tax Reform 2.0” Unveiled by House Republicans

Posted · Add Comment

On September 10, 2018, House Republicans unveiled their “Tax Reform 2.0” legislative package, which has been anticipated following the enactment of the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The House Ways and Means Committee held its markup of the measure on September 13, 2018, and the legislation is expected to be ready for a […]

A Push for Indexing Capital Gains to Inflation

Posted · Add Comment

The idea to index capital gains to inflation is not a new one. Largely supported by Republicans and criticized by Democrats, this issue has been argued by the legislative and executive branches of government for decades. The debate has re-emerged recently in the wake of the passage of the Tax Cuts and Jobs Act (TCJA) […]

Kevin Brady, Trump, House Ways and Means

House Republicans and the White House Working on “Tax Cuts 2.0”

Posted · Add Comment

Republican members of the House of Representatives’ Ways and Means Committee and the Trump Administration are working together to develop a “Tax Cuts 2.0” outline similar to the “framework” that was released in September 2017, as a precursor to the Tax Cuts and Jobs Act (TCJA). Ways and Means Committee Chairman Kevin Brady (R-TX) recently […]

President Trump and House Republicans Planning Phase Two of Tax Reform

Posted · Add Comment

Never mind that taxpayers and tax practitioners alike are struggling to learn and understand the many nuances of the Tax Cuts and Jobs Act (TCJA) signed into law by the President on December 22, 2017. Never mind that the law, as passed, includes many ambiguities and unanswered questions that may require Congressional action, through a […]

Here We Go…the House Tax Reform Bill is Released

Posted · Add Comment

House Republican leaders released the first cut of the 2017 Tax Reform legislation on November 2, 2017, setting forth their plan to overhaul the United States Income Tax Code. The bill, the “Tax Cuts and Jobs Act,” includes a broad set of proposed changes to the corporate and individual tax regimes included in the current […]

Additional Analysis of the GOP’s Tax Reform Framework

Posted · Add Comment

A recent post included a summary of the tax reform framework released by the Trump administration and Congressional GOP leadership on September 27. This framework, which calls for dramatic tax cuts and simplification for individual taxpayers along with significant changes for business taxpayers, is designed to serve as a template for Congress to develop legislation […]

Tax Reform Package Introduced

Posted · Add Comment

President Trump and Republican leaders in Congress unveiled a long-promised framework for tax reform on September 27, 2017. The centerpiece of Mr. Trump’s campaign, the nine-page “unified framework” for tax reform broadly describes tax proposals ranging from lower rates for individuals and businesses to repeal of certain tax preferences. As was expected, the framework took […]