Congress has now approved the final version of the Tax Cuts and Jobs Act (H.R. 1) on a party-line vote (51-48 Senate, 224-201 House), sending the GOP tax overhaul to President Donald Trump to be signed into law. The...more
12/22/2017
/ Alternative Minimum Tax ,
Business Taxes ,
Child Tax Credit ,
Corporate Taxes ,
Estate Tax ,
Income Taxes ,
International Tax Issues ,
Local Taxes ,
Mortgage Interest ,
Pass-Through Entities ,
State Taxes ,
Tax Deductions ,
Tax Rates ,
Tax Reform
On Friday, December 15, Republican House and Senate negotiators announced they had come to an agreement on a final tax bill that they expect to vote on this week and that may potentially be signed into law by President Trump...more
12/20/2017
/ Alternative Minimum Tax ,
Business Taxes ,
Child Tax Credit ,
Corporate Taxes ,
Estate Tax ,
Income Taxes ,
International Tax Issues ,
Local Taxes ,
Mortgage Interest ,
Pass-Through Entities ,
State Taxes ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
After a week of frenzied debate and last minute deal making, the Senate approved a sweeping package of tax cuts by a vote of 51 to 49 with Senator Bob Corker (R-TN) and all Democrats voting in opposition. It remained unclear...more
12/5/2017
/ Affordable Care Act ,
Child Tax Credit ,
Corporate Taxes ,
Estate Tax ,
Income Taxes ,
Individual Mandate ,
Local Taxes ,
Pass-Through Entities ,
State Taxes ,
Tax Deductions ,
Tax Rates ,
Tax Reform
On November 16, House Republicans approved H.R. 1, the Tax Cuts and Jobs Act, on a party-line vote of 227 to 205, with 13 Republicans and all Democrats voting against passage. Senate Republicans are also moving toward passing...more
11/20/2017
/ Child Tax Credit ,
Corporate Taxes ,
Estate Tax ,
Income Taxes ,
International Tax Issues ,
Local Taxes ,
Pass-Through Entities ,
State Taxes ,
Tax Deductions ,
Tax Rates ,
Tax Reform
On September 27, the White House and its allies on Capitol Hill released the outline of their long-promised tax reform proposal. Generally, the outline seeks to create three individual income tax rates (12, 25, and 35...more
Long a priority of House and Senate Republicans and the White House, expect tax reform to take center stage this fall. Originally, the White House was expected to drive the discussion over tax reform and promised to release a...more
Dating all the way back to the campaign last year, President Trump has long focused on advancing a broad-based infrastructure investment program. Initially expected this spring, the White House is now expected to release an...more
While tax reform watchers wait for the White House's September tax reform proposal, the House Ways and Means Committee is moving forward. On July 13 and 19, the Committee held hearings examining the potential impact of tax...more
Having returned from its Memorial Day recess, Congress now enters one of the longest continuous work periods of the year and – with the exception of the week of the Fourth of July – will likely be in session until the end of...more
6/28/2017
/ ACOs ,
Affordable Care Act ,
American Health Care Act (AHCA) ,
Budget Control Act of 2011 ,
Chronic Care Managment (CCM) ,
Congressional Budget Office ,
Debt Ceiling ,
FDA Reauthorization Act ,
Federal Budget ,
Food and Drug Administration (FDA) ,
GDUFA ,
Healthcare Reform ,
Medical Devices ,
Medicare ,
OMB ,
Tax Reform ,
Trump Administration
Tax reform, perennially among the GOP's top priorities, has taken a back seat to other, more pressing priorities since an initial burst of interest caused by the Trump Administration's release of a one-page outline in April....more
April saw the debate in Congress heat up as Justice Neil Gorsuch was confirmed for a seat on the Supreme Court, House Republicans suspended, restarted and then ultimately succeeded in their effort to repeal and replace the...more
On April 26, Treasury Secretary Steven Mnuchin and Gary Cohn, director of the National Economic Council, presented the Trump Administration's tax reform proposal to the media. The proposal consisted of a one-page outline that...more
All of Washington was watching as House Republicans failed to meet a self-imposed deadline to repeal the Affordable Care Act (ACA). The House Republican replacement proposal, the American Health Care Act (AHCA), which had...more
In his first comments after the decision to withdraw the AHCA from House consideration, President Trump told the assembled media, "I would say that we will probably start going very, very strongly for the big tax cuts and tax...more
Long near the top of the priority list, congressional Republicans now have an opportunity to move forward with tax reform. In fact, Republican leaders have committed to utilizing one of this year's two budget reconciliation...more
Having completed the first session of the 114th Congress, many in Washington are quickly turning toward the 2016 elections. In the coming year, the headlines will undoubtedly be dominated by electioneering but, after a...more