Tax | Taxation

GOP tax proposals: Key differences, opportunities for reform

Here’s how crazy the tax-reform push has become: Republicans in the House and Senate have released drastically different tax reform proposals, and yet leaders in both chambers insist they are on track for enacting real reform before the end of the year.

Who’s right? I’m guessing we’ll find out shortly. The GOP seems intent on passing some kind of meaningful legislation before the year’s end.

There are a lot of wrinkles to be ironed out before then, but a couple of things are certain: Most Americans want to see meaningful tax reform soon, and the Republicans’ odds of holding onto majorities in the executive and legislative branches might just depend on whether they can get this done.

Until then, though, here are some of the details that lawmakers are sorting through as they seek reasoned tax reform for all Americans.


Bill Sheridan