Beltway Buzz, November 10, 2017

The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what's happening in Washington, D.C. could impact your business.

Now You See It, Now You Don't—Revised House and Senate Tax Reform Proposals Differ in Treatment of Executive Compensation. As we reported in last week's Beltway Buzz, the House introduced its tax reform proposal last Thursday, which contained a surprising number of unexpected provisions that could significantly affect employee benefits and, in particular, deferred compensation arrangements ( Timothy G. Verrall has more in his article, " Brady's Bunch—Are Big Changes Coming for Employers Under the Tax Cuts and Jobs Act?"). This week, two significant new developments in the tax reform drama took place, potentially changing the landscape yet again (and most likely not for the last time).