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Consensus on tax reform gives tax writers green light after healthcare bill fails

Republican leaders in Congress and the administration released a joint statement agreeing to a set of broad tax reform principles that gives tax writers in Congress the green light to release a bill after the August recess. The move reinforces that tax reform is now the top legislative priority for Republicans after the Senate failed to approve three separate versions of healthcare legislation. The principles lack some key details, but do offer important information on the direction of tax reform, including that the border adjustability proposal is dead. Read the full story here.

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