Friends of Manufacturing

What's next on tax reform


Republicans are confident they can quickly overcome the differences between the House and Senate tax bills and send President Donald Trump a plan he can sign into law by year's end.

In their efforts to enact the biggest changes to the tax code since the historic 1986 Reagan-era reforms, the two chambers have passed bills that diverge on key issues like amending the popular mortgage-interest deduction, taxing small businesses and keeping the hated alternative minimum tax, which Republicans have long promised to kill. But don’t expect a drawn-out fight over the details.

Full Article