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Blog

An Overview of the Senate's Version of the Tax Cuts and Jobs Act

Before diving into the details of the Senate’s version of the Tax Cuts and Jobs Act, let’s run through the latest in the House of Representatives. The lower chamber’s version of the Tax Cuts and Jobs Act, H.R. 1, was approved by the House Ways and Means Committee on Thursday, November 9 in a party-line vote.

6 days ago
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Blog

Here's What You Need to Know About the Tax Cuts and Jobs Act

On Thursday, November 2, House Ways and Means Committee Chairman Kevin Brady (R-Texas) unveiled the Tax Cuts and Jobs Act, H.R. 1. On Friday, Chairman Brady released an amendment in the nature of a substitute (ANS) that made some changes to the original text. The bill is the first real attempt to overhaul and simplify the tax code since the Tax Reform Act of 1986. The release of the text and the amendment are also only the first steps in the process.

11/06/2017
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Blog

The Unified Tax Reform Framework Is a Path for Growth

On Wednesday, the "Bix Six" -- Treasury Secretary Steve Mnuchin, National Economic Council Director Gary Cohn, Speaker Paul Ryan (R-Wis.), Ways and Means Chairman Kevin Brady (R-Texas), Majority Leader Mitch McConnell (R-Ky.), and Finance Committee Chairman Orrin Hatch (R-Utah) -- unveiled a unified framework for fundamental tax reform. There are still many details that need to be provided, but the framework overhauls and simplifies the tax code, promoting economic growth, job creation, and fairness.

09/30/2017
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Blog

A Generational Opportunity for Fundamental Tax Reform

The passage of the American Health Care Act, H.R. 1628, out of the House of Representatives gives an opportunity for the Republican majority to begin work on a generational opportunity: fundamental tax reform. Speaker Paul Ryan (R-Wis.) will head to Ohio on Wednesday to begin making the case for tax reform, previewing the next big item on the House Republican agenda.

05/08/2017