‘Big Six’ Unify Around Tax Reform Framework

Administration officials have worked with congressional Republicans to draft a set of broad guidelines for enacting comprehensive tax reform later this year. The plan highlights areas of agreement among congressional tax-writing committees and the Trump administration, including a lower tax rate for all American businesses and incentives for American companies to bring back jobs and… Read more »

Hatch Calls for Feedback on Tax Reform

Congressional leaders continue to assert that tax reform is a major priority this year, although tax writers in both the House and Senate are admittedly still looking for specific ideas to overhaul the tax system that lawmakers can agree to support. Earlier this week, House Speaker Paul Ryan (R-WI) said in a speech to the… Read more »

Thune, Casey Introduce CHARITY Act

Sens. John Thune (R-SD) and Bob Casey (R-PA) introduced this week legislation that would encourage charitable giving and make it easier for charitable organizations to carry out their missions. The CHARITY Act (S. 1343) builds on several charitable tax provisions signed into law in 2015, including one that makes permanent a law allowing taxpayers who… Read more »

Trump Ready to Take Reins on Tax Reform

The Trump administration on Wednesday released the outlines of a tax reform plan that includes steep cuts in tax rates but abandons the controversial border adjustment tax that House leaders have been pushing in their own tax blueprint. The White House plan calls for a huge cut in the corporate tax rate, from 35 percent… Read more »

White House Developing Tax Reform Plan

The White House continues to stress its commitment to overhauling the tax code this year, while acknowledging it may not come together by its original target date of August. President Trump has promised a “phenomenal” tax reform plan but hasn’t said whether it will resemble the bill that House Republicans have promoted, which includes a… Read more »