Taxes in Flux: What You Need to Know About Evolving Trump Tax Reform
As the Trump Administration nears the end of its first full year in office, Republicans in the House and the Senate are gearing up for a major overhaul of the tax system. In April, the president released a one-page summary of his tax priorities, outlining broad goals for tax simplification and reductions. Late in September, the GOP’s Big Six Group — that is House Speaker Paul Ryan, Senate Majority Leader Mitch O’Connell, Treasury Secretary Steve Mnuchin, White House Advisor Gary Cohn, House Ways and Means Committee Chairman Kevin Brady, and Senate Finance Committee Chairman Orrin Hatch — expanded on this blueprint with a more detailed version of the plan.