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Everything listed under: Tax Reform

  • Congress Passes Comprehensive Tax Reform

    Last Wednesday, for the first time in three decades, the House and Senate passed a sweeping tax reform bill, sending the bill to President Trump’s desk to be signed into law.The $1.5 trillion bill would slash corporate tax rate to 21% from 35% permanently, reduce most individual rates and increase the standard deduction for taxpayers. Several provisions relating to individuals would expire within 10 years. The measure would also end Obamacare individual mandate that people must have health...

  • Tax Reform Update: Senate and House Officially Begin Conference Negotiations

    On Wednesday, the Senate agreed to officially begin conference negotiations with House members to reconcile differences between the House version of the Tax Cuts and Jobs Act (which passed on November 16th) and the Senate version which passed in the early morning hours of this past Saturday, December 2nd. Republicans are aiming to send a finished bill to President Trump’s desk by Christmas. Behind-the-scenes talks had already been taking place since the Senate passed its version of the bil...

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