Here’s how crazy the tax-reform push has become: Republicans in the House and Senate have released drastically different tax reform proposals, and yet leaders in both chambers insist they are on track for enacting real reform before the end of the year.
Who’s right? I’m guessing we’ll find out shortly. The GOP seems intent on passing some kind of meaningful legislation before the year’s end.
There are a lot of wrinkles to be ironed out before then, but a couple of things are certain: Most Americans want to see meaningful tax reform soon, and the Republicans’ odds of holding onto majorities in the executive and legislative branches might just depend on whether they can get this done.
Until then, though, here are some of the details that lawmakers are sorting through as they seek reasoned tax reform for all Americans.
- AICPA tax reform resource center
- Major differences in House, Senate tax proposals (ABC News)
- Senate Finance Committee modifies proposal (The Journal of Accountancy)
- AICPA’s Melancon sees priorities in Senate tax reform plan (Accounting Today)
- How tax bills could impact company finances (CFO.com)
- Senate plans to end Obamacare mandate in revised plan (New York Times)
- How the Republican tax plans affect businesses (Baltimore Business Journal)
- GOP’s dueling tax overhauls struggle to pass a key red ink test (Accounting Today)
- Senate plan: The impact of jobs and incomes by state (Tax Foundation)
- Senate plan gives deduction for pass-through businesses (Investment News)
- AICPA underlines priorities in welcoming Senate’s tax plan (AICPA)
- GOP’s dueling tax overhauls struggle to pass a key red ink test (Accounting Today)
- The Senate proposal: The impacts of jobs and incomes by state (Tax Foundation)
- Key payroll provisions of the House and Senate plans (Bloomberg BNA)