Please find a summary and a more detailed document describing the House Republican tax reform blueprint. This is not immediately actionable legislation. It is a political statement for use in the election campaign and for next year.
As expected in a proposal in which tax brackets are decreased and simplified, tax exempt municipal bond interest is eliminated. The mortgage and charitable deductions remain.
We should take this as a very serious shot across the bow and recognize the task ahead of us next year.
As expected in a proposal in which tax brackets are decreased and simplified, tax exempt municipal bond interest is eliminated. The mortgage and charitable deductions remain.
We should take this as a very serious shot across the bow and recognize the task ahead of us next year.
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