On Saturday, December 2, the Senate pushed through its version of tax legislation that is poised to represent some of most sweeping legislation the tax code has endured in a generation. The bill squeezed past by a narrow 51-49 margin, with Sen. Bob Corker (R-TN) and every Democrat voting against the bill. Leaders in both houses are soon expected to start conferencing their versions of the bill. The apparent goal for the House and the Senate is to put a finalized version of tax legislation on President Trump’s desk before Christmas.
See Tax Strategy and Benefits Practice Group, US Senate Passes Tax Reform Legislation – Here Is What You Need to Know, The National Law Review, December 4, 2017.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.
