Initial Thoughts on the Tax Cuts and Jobs Act
Shortly after 5pm local time, the House and Senate Conference released its combined reconciled Tax Cuts and Jobs Act bill that will go to the House and Senate where it sounds like it will be passed without issue and sent to the President’s desk for signature before the end of the year. The Conference bill comes in at just under 1100 pages and, if you are in the mood for some light weekend reading, can be read in its entirety here: http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf
While I think I am a pretty fast reader, it will take me some time to go through it all and provide some thoughts on it. For your viewing pleasure, I gave my initial thoughts on the tax changes from the bill on Facebook Live, which you can see below. For those that watched it live, I assume it was to help them fall asleep, but you can hear my thoughts below. I will provide further updates throughout the next few days as we dig into the bill further.