Analyzing the TCJA’s Impact on States

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Not subject to as much media attention as federal income tax legislation, the state impacts resulting from the enactment of federal legislation always poses budgetary challenges for leadership in those jurisdictions. Oftentimes, federal income tax incentives, such as accelerated and bonus depreciation, can prove unduly costly for states whose income tax regimes are predicated upon […]

Tax Act Workshop

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Bob Grossman will discuss the Tax Cuts and Jobs Act (TCJA), which is likely to affect almost every taxpayer (individuals and businesses). Learn what you can expect this filing season. No charge to attend.

Tax Reform 2.0 on the Way?

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As reported in a previous post, the House Ways and Means Committee released three tax bills, referred to as “Tax Reform 2.0,” in late August. All three bills were approved by the House at the end of September. The passage of these bills is the next step toward making additional substantial changes to the already […]

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

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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

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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”

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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 […]