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 […]
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 […]
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 […]
President Trump and his administration have turned their focus to Tax Reform, a major point of the campaign. In a recent Wall Street Journal interview, Treasury Secretary Steven Mnuchin said that he expects the administration, along with top Republican lawmakers, to release a more detailed tax reform plan sometime in the next few weeks. The […]
No matter how you feel about Donald Trump as President, there can be no doubt that change is coming. Read the article from the Winter 2017 GYF Perspectives.