Comparing the House and Senate Tax Cuts and Jobs Act
On November 2, 2017, the House Ways and Means Committee released their comprehensive tax reform proposal, Tax Cuts and Jobs Act (H.R. 1). On November 9, the Senate Finance Committee unveiled their own tax proposal. It is widely expected that both bills will be considerably amended as they go through the legislative process.
Although there will be a lot of discussion and changes to the tax proposals, here is what we know so far:
Read the CCIM Institute’s Priority Issues here: Legislative Connection 4Q17