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November 17, 2017 CS Blog

Tax Reform Now: Part 9

On November 16, 2017, the House of Representatives approved its version of the “Tax Cuts and Jobs Act” (the “Act”) by a vote of 227-205. All Democrats and 13 Republicans voted against the tax bill. Although potential obstacles still exist, Republicans are one step closer towards enacting comprehensive tax reform.…

November 6, 2017 CS Blog

Tax Reform Now: Part 8

On November 2nd, the House Ways and Means Committee unveiled the first draft of the “Tax Cuts and Jobs Act.” The House Ways and Means Committee will revise the “Tax Cuts and Jobs Act” during its mark-up session beginning on November 6th. However, the initial draft of the “Tax Cuts…

November 1, 2017 CS Blog

Tax Reform Now: Part 7

As explained in Part 2 of “Tax Reform Now”, Republican lawmakers sought an outright repeal of the state and local tax deduction (“SALT deduction”) in order to offset tax cuts.  After encountering criticism from both political parties and lobbyists, Republican lawmakers have renounced this position.  Although the new tax reform…

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