Home Stretch for Major Tax Reform?
Republicans are pushing ahead with major tax reforms after they agreed to a framework of individual and corporate cuts in September. The plan would simplify the individual rate structure, reduce the top tax rate on small businesses, and double the standard deduction. It would also boost America’s competitiveness by cutting the corporate tax rate, changing the rules on foreign income, and allowing expensing of capital equipment. If the House and Senate agree on an overall budget plan in the coming weeks, it will pave the way for the first major tax overhaul in years.
Join our panel of experts, who will discuss the economics and politics of tax reform as well as the policy alternatives facing legislators as a tax bill winds its way through Congress.