Press Room: Tax Reform

April 27, 2015

Republicans Propose Estate Tax Repeal

Republicans answer President Obama's proposed tax increases for estates and gifts with a proposal to repeal the estate tax entirely and reduce the rate of tax applicable to gifts. The bill was ...

August 10, 2015

President Signs Short-term Highway Bill with Revenue Offsets

In Brief On July 31, President Obama signed a three-month extension of federal highway and transit program authorization, which will allow more time for Congress to continue working on a long-term highway bill that ...

November 10, 2016

President-Elect Donald Trump – What Does This Mean for Tax Reform?

Now that the election results are in, tax reform is sure to be at the top of the agenda for the new President-elect Trump and Republican-led Congress. What type of policies could conceivably ...

April 28, 2017

White House Releases Tax Reform Principles, But No Details

On April 26, 2017 the White House released a fact sheet titled 2017 Tax Reform for Economic Growth and American Jobs: The Biggest Individual and Business Tax Cut in American History, which outlines President Donald Trump ...

August 01, 2017

August Has Arrived, But Tax Reform Details Remain Scarce

After months of closed-door meetings on tax reform, the Big Six—a working group of Republican leaders that includes Secretary of Treasury Steven Mnuchin, National Economic Council Director Gary Cohn, Speaker of ...

August 18, 2017

Republicans Pitch Tax Reform to the American People

Former President Ronald Reagan signed the Tax Reform Act of 1986 on August 16, 1986. Now, over three decades later, Ways and Means Chairman Kevin Brady made his pitch for tax reform from Reagan’s ...

September 28, 2017

Republicans Release Unified Framework for Tax Reform, Open Door to Tax Increase on Wealthy

On September 27, 2017, The Trump Administration, House Committee on Ways and Means, and Senate Finance Committee released a nine-page Unified Framework for Fixing Our Broken Tax Code (Unified Framework) that specifies a proposed tax ...

October 20, 2017

Senate Approves Budget Setting Stage for Release of Tax Reform Details

The Senate approved its fiscal year 2018 budget resolution the evening of October 19, 2017 on a largely party-line vote of 51-49, with a vote against from Republican Senator Rand Paul (R-KY). The House of Representatives ...

October 26, 2017

House Approves Senate Budget, Puts Tax Reform on Fast Track

On October 26, 2017, the House of Representatives approved the budget resolution previously passed by the Senate less than a week before. The House’s slim party-line vote (216-212) on a compromise budget eliminates ...

November 03, 2017

House Releases Draft Tax Reform Legislation to Overhaul Tax Code

On November 2, 2017, the House Committee on Ways and Means Chairman Kevin Brady (R-Texas) released the latest piece in the tax reform puzzle—a draft bill to overhaul the tax code. The Tax ...