- Prospects for U.S. Tax Reform Under President Trump
- March 24, 2017 | Authors: Linda Z. Swartz; Edward S. Wei
- Law Firm: Cadwalader, Wickersham & Taft LLP - New York Office
The election of President Donald J. Trump, combined with Republican control of Congress, makes fundamental U.S. federal income tax reform more likely than at any time since the enactment of the Tax Reform Act of 1986.
While the substance of any reform is uncertain, legislation may utilize elements from the House Republicans’ 2016 plan and the tax plan proposed by President Trump on his website.
We compare several of the major business tax proposals advanced by the House plan and the Trump proposal here.