Second Tax Cut Bill in the Works
By Amy E. Ebeling
May 30, 2018
White House Director of Legislative Affairs Marc Short told reporters last week that the Trump Administration has been working with the House Ways and Means Committee Chairman Kevin Brady and the Senate Finance Committee on a second tax cuts proposal that would make permanent the tax cuts for individuals passed in the Tax Cuts and Jobs Act (“TCJA”) on December 22, 2017. Short declined to give specifics or discuss the possibility of other tax cuts, but said there were plans to propose the bill possibly by the end of the summer. The tax cuts for individuals in the TCJA are set to expire at the end of 2025. More to come as the summer and tax discussions heat up.
Back to all News & Insights
Disclaimer
The content in the following blog posts is based upon the state of the law at the time of its original publication. As legal developments change quickly, the content in these blog posts may not remain accurate as laws change over time. None of the information contained in these publications is intended as legal advice or opinion relative to specific matters, facts, situations, or issues. You should not act upon the information in these blog posts without discussing your specific situation with legal counsel.
© 2024 Ruder Ware, L.L.S.C. Accurate reproduction with acknowledgment granted. All rights reserved.