The long awaited and long promised Tax Reform bill was finally introduced yesterday by leaders of the GOP. While it is light on specifics, there are several broad concepts proposed that, if passed, would have implications for many. Due to likely opposition from Democrats and deficit hawk Republicans alike, in addition to challenges keeping projected tax cuts below $1.5 trillion over the next 10 years as required by Congress’s Reconciliation Process, any bill that passes will likely look different from this proposal.
Still, it is good to understand what this bill is and isn’t and how it might affect you and your investments.
Below are quick links to help: