New Tax Law in-effect for 2018

January 4, 2018

On Dec. 22, President Trump signed into law the Tax Cuts and Jobs Act (H.R. 1), lowering taxes on corporations, individuals and modernizing U.S. international tax rules.

READ MORE

President Set to Sign Tax Bill

December 20, 2017

With the House and Senate approving the Tax Cut and Jobs Act (H.R. 1) this week, President Trump is poised to sign into law the most sweeping tax reform bill in decades.

READ MORE

NSBA Supports Tax Bill, Urges Further Steps

December 17, 2017

NSBA is supporting the final tax reform bill which addresses some key priorities for America’s small-business owners, despite ongoing concerns with overall tax simplification, true parity among small and large businesses, and the growing U.S. debt.

READ MORE

Republicans Reach a Deal on Tax Reform

December 14, 2017

Yesterday, Republicans struck a deal on a sweeping tax reform overhaul, including steep corporate and individual rate cuts, and hope to have legislation to the president's desk by next week.

READ MORE

Conferees Named for Tax Bill

December 13, 2017

Tax bill conferees have recently been named and will begin working on compromise language between the House and Senate passed versions of the bill with a goal of completion by Dec. 22.

READ MORE

Senate Passes Tax Reform Bill

December 6, 2017

On Dec. 2, the Senate voted to approve its tax reform legislation which now goes to conference committee to reconcile it with the House bill passed Nov. 16.

READ MORE

Vote on Spending Bill Delayed

December 6, 2017

House and Senate GOP leaders are working all angles to approve a short-term spending bill in order to avoid a partial government shutdown before the Dec. 8 deadline.

READ MORE

Ongoing Changes to Senate Tax Bill

November 29, 2017

With just a few days before a planned floor vote, Senate Republicans are working to make changes to their tax reform proposal in the hopes of trying to sway at least a half-dozen Senate holdouts.

READ MORE

Government Shutdown Looming

November 29, 2017

Recently, House Speaker Paul Ryan (R-Wis.) indicated that Republicans will likely try to pass a short-term spending bill to prevent a government shutdown on Dec. 9. Speaker Ryan has said the House Republican’s goal was to pass a long-term spending bill by the end of the year, but suggested lawmakers may not...

READ MORE

Lawmakers Move on Tax Reform

November 22, 2017

On Nov. 16, efforts to rewrite the Federal Tax Code took significant steps forward when the House approved its version of a comprehensive tax reform legislation as well as the Senate Finance Committee approving a competing measure. First, House Republicans pushed through their proposal – the Tax Cuts and Jobs Act...

READ MORE