White House Remains Focused on a Second Tax Reform Package

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The White House and Republicans in Congress continue to discuss a second round of tax reform, according to National Economic Council Director Larry Kudlow, the President’s top economic advisor. Mr. Kudlow made his comments in an April 5 interview, noting that the President and House Ways and Means Committee Chairman Kevin Brady (R-TX) spoke earlier in the […]

President Trump and House Republicans Planning Phase Two of Tax Reform

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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 […]

President Signs Tax Reform Bill

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After a grueling legislative process, the House and Senate passed the tax measure into law earlier this week and it has now been officially signed by President Trump. For more information, read our latest Tax Alert which covers the details of the plan. If you have questions or comments, please contact Bob Grossman or Don […]

Tax Reform Bill to Reach Final Destination

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Congressional Republicans have successfully moved their $1.5 trillion Tax Reform legislation package through the reconciliation process, and it is on its way to the Oval Office. All that will remain is a signature by the President to reach his well-publicized goal of completing the legislation by the Christmas holiday. Unlike the last major tax reform […]

Additional Analysis of the GOP’s Tax Reform Framework

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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

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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 […]

Is Tax Reform on the Way?

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The President Trump show continues with a renewed focus on major tax reform in 2017.  One does not need to tune in to the Sunday morning political news programs to realize the critical importance to the Trump administration of a major legislative accomplishment in the current year.  Media coverage of the many stumbles made by […]

Trump Tax Plan to Be Unveiled Today!

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President Trump is set to release his much-discussed proposal for tax reform today, Wednesday, April 26, 2017. As has been the case since the start of the 2016 Presidential campaign, Mr. Trump has been long on concepts, but the details of his long-awaited plan are unclear. It remains to be seen whether any clarity will […]

“Big League Play” Advocated by President Trump

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With the arrival of pitchers and catchers at spring training camps all across America, President Trump got into the act late last week, offering his own interpretation of “Big League”, by finally turning his attention to Tax Reform and using that term to describe his forthcoming plan.  Unfortunately, details are not available yet, but, they […]