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Tax,
Government,
Corporate

Dec. 5, 2017

Tax reform in our stockings after Senate bill passage?

The plan is murky, as tax reform often is. Some handwritten comments are illegible. It is progress. Seemingly, soon, we will have a new set of tax rules just in time for the holidays or New Year, and they have been moving forward at breathtaking speed.

Megan Lisa Jones

Email: megan.jones@withersworldwide.com

Loyola Law School

Megan is a tax attorney who specializes in estate and business planning. She was previously an investment banker at firms including Lazard Freres & Company.

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Tax reform in our stockings after Senate bill passage?
Sen. Orrin Hatch (R-Utah) speaks alongside fellow Republicans after the passage of their tax bill, on Capitol Hill in Washington, in the early a.m. hours of Dec. 2. (New York Times News Service)

Tax reform now seems inevitable. Granted, the dysfunction in Washington, D.C. makes any predictions risky at best, but the last minute horse trading late Friday and heading into Saturday shows some serious commitment. The Senate passed their bill on a party vote, with no Democrats voting for it and only one Republican against. Getting a final tax reform bill in front of and signed by the president before Christmas (as threatened and promised) now seems very likely. Wh...

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