Tag: reconciliation

Tax Reform Continues to Race Forward

A lot has happened in the past month on tax reform. On November 16, the House passed its version of a tax bill, the Tax Cuts and Jobs Act (H.R.1), just under a week after the Senate released its own version of the bill. After a tenuous 20 hours of debate and deal-making, the Senate

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Senate Plan Threatens State and Local Tax Deduction

Thursday evening, the Senate passed the FY2018 Budget reconciliation spending blueprint, paving the way for a potential $1.5 trillion tax cut. In a misguided effort to provide a pay for an ambition tax reform plan yet to be seen, Senator Shelley Moore Capito (W.Va.) proposed an amendment that opens the door to a cap or

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