The Path To Tax Reform 2017: September Framework Sets Stage For Passage Before Year-End

With the release today of a budget framework reflecting the shared view of the White House and House and Senate leaders – and with GOP majorities in both chambers of Congress – there is a likelihood that Washington may pass comprehensive tax reform in 2017. President Trump has identified tax reform “must do” this calendar year, given the slow economy and the dreadful state of the tax system. While the Republicans’ false starts on repealing and replacing the Affordable Care Act illustrate that advancing legislation is challenging and often unpredictable – notwithstanding Republican control – there seems to be growing consensus not only on the urgency for tax reform, but also on the likely components. Read more >>