The Trump Administration’s New Tax Framework

September 28, 2017
 

The Trump Administration has finally published its plan for tax reform, titled a “UNIFIED FRAMEWORK FOR FIXING OUR BROKEN TAX CODE.” Under the “Tax Reform” heading is the tagline: “MORE jobs | FAIRER taxes | BIGGER paychecks.”

Give it a read here:
https://waysandmeansforms.house.gov/uploadedfiles/tax_framework.pdf

Over my 35-year career span as a Tax Accountant, I have seen many changes to the Tax code. Some large, and some small. One thing I’ve noticed is, where they begin in committee or as an idea is vastly different from where they finish. Even though this proposed reconstruction to the tax code seems large and ominous, I suspect that changes will be made before we see the final passage.