Republican leaders released a unified framework for tax reform on Sept. 27 that would make sweeping changes to both individual and business taxation with deep corporate rate cuts and less dramatic reductions for individuals and pass-throughs.
The framework represents a general agreement between the Trump Administration and House and Senate Republican leadership on the major pillars of tax reform. It leaves many details up to the tax writing committees to resolve, but still provides the most comprehensive template for reform since the House Republican Blueprint released last year.
The framework is somewhat similar to the House Republican Blueprint but without the border adjustability proposal and with a clear shift toward higher individual tax rates favored by President Donald Trump. Read our story
for an in-depth examination of this new tax reform proposal.
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