Fundamental Principles of Income Tax Reform

As 2017 was rushing to its end, the U.S. House and Senate passed different versions of income tax reform legislation, one of the Trump Administration’s top policy priorities. If a reconciled bill emerges from conference committee and is approved by majorities in both chambers of Congress before year’s end, the legislative effort would fulfill the president’s promise to oversee the first significant change to the U.S. income tax code since Ronald Reagan occupied the White House.
At the time of this writing, no one knows the devilish details of the final tax reform law, if it is in fact passed in

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