Tax Truths: Volume 1, No. 2 – December 2016

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AN ANALYSIS OF TAX LAW PROPOSALS OF THE PRESIDENT-ELECT AND THE HOUSE -

President-elect Trump made tax reform a highlight of his campaign, calling for fewer tax brackets, lower individual rates, and reduced corporate tax rates. Portions of the Trump Plan are similar to the House Republican Blueprint for Tax Reform. Over the course of the campaign, the Trump Plan has evolved to become more similar to the House Plan. The House Plan contains more details, and some of the provisions of the Trump Plan are easier to understand when read in conjunction with the comparable provisions in the House Plan.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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