This Explains Everything

Our favorite take on one of the most important developments of the last two weeks

Major changes to Senate bill win its passage

Passage of the Senate tax reform bill deepens the divide between House and Senate versions in several key areas, but a resolution may be in reach. The last-minute changes adopt House provisions in some areas, such as the state and local tax deduction, but also make unpopular changes such as retaining the alternative minimum tax. Read our report to understand key changes in the Senate bill.

Grant Thornton, December 07, 2017

The Ways and the Means

The latest analysis on regulatory, policy, and legislative process, and when it’s happening

Another delicate challenge for Republicans: Reconciling House and Senate tax bills

Party leaders insist that there are no showstopping differences between their two bills, each of which decreases the corporate tax rate from 35 percent to 20 percent. Still, the bills feature differences worth hundreds of billions of dollars.

The Washington Post, December 3, 2017

What we know about corporate winners and losers in U.S. tax bill

The tax bill passed by Republicans in the U.S. Senate may boost profits for industries from banking to retail to fossil fuels. It also could put the squeeze on hospitals and renewable energy firms. Here’s how sectors may fare under the legislation as it stands.

Bloomberg, December 3, 2017

GOP pushes to avoid government shutdown, but the path is tricky

Republicans aim to pass a two-week stopgap measure to avoid a shutdown, but the path in the coming weeks is treacherous as lawmakers push their own priorities, some unrelated to government spending.

The New York Times, December 3, 2017

How Grant Thornton Can Help

Whether navigating market and regulatory changes, or trying to better prepare for your future business environment, Grant Thornton is ready to help you develop innovative and practical solutions.

Follow The Leading Indicators

A macro look at what’s impacting markets, trade, labor, and the environment

In tight labor market, the underemployed are ripe for recruiting

With the strong economy pressuring employers to pay workers more, recruiters are tapping sectors of the labor market they might not usually focus on.

Bloomberg BNA, November 29, 2017

Who gains from the tax plan? Economists face off

Republican leaders say their proposals will fuel investment and job creation. Critics say the rich are the beneficiaries and that debt will weigh on growth. Two economists make their cases.

The New York Times, December 1, 2017

The $98 trillion reason to be worried about 2018

As 2017 enters its final month, here are 12 charts to illustrate what a year it's been in markets, and what's concerning about 2018.

The Washington Post, November 20, 2017

This Means Business

Tax reform: Will pass-throughs get passed over?

Will pass-throughs get passed over if comprehensive tax reform is enacted? The House and the Senate are moving full speed ahead on their respective tax reform bills, but it’s clear the two chambers are far apart in their approach to taxation of pass-through income. During Grant Thornton’s recent executive workshop, “Operating in a Changing Landscape,” the firm’s tax leaders offered insights on the impact of potential tax reform on pass-through entities. Watch the video to understand implications of a change in tax rate for pass-throughs.

Bloomberg video

Industry Impact

What’s moving in industry, especially pharma, tech, energy, finance, and manufacturing

CVS to buy Aetna in deal that reshapes health care

The proposed deal is the latest and most dramatic sign of how the lines between traditional segments in health care are blurring as companies enter new areas in search of growth.

The Wall Street Journal, December 3, 2017

Small hybrid-electric airliners ready for take off

Companies are getting serious about electrifying air travel. But not all forms of transport are so easy to electrify.

The Economist, November 30, 2017

The Senate just passed a tax bill that would strike a blow to a fundamental part of Obamacare

Here are the major ways the bill would affect health care spending.

Business Insider, December 4, 2017

back to top

Learn More:
  • Explore our Tax Reform Center to keep up on all our latest tax reform insights and analysis
  • Sign up to receive all Future Ready Business updates
  • Visit Grant Thornton’s Future Ready Business: Washington Impact program series
  • Subscribe to all of Grant Thornton’s tax-focused newsletters to stay up-to-date on the latest updates, legislative developments and tax planning strategies.

Missed an issue? We’ve got you covered! Get caught up on the latest developments from Washington. View past issues of Washington Impact here.