It’s Beginning To Look A Lot Like Tax Reform: Here’s What’s In The Final Version

House Ways and Means Chairman Kevin Brady (R-TX) discusses progress on the tax reform bill with reporters at the U.S. Capitol on December 15, 2017 in Washington, DC. (Photo by Win McNamee/Getty Images) We appear to have a deal on taxes. Senate Republicans passed their version of a tax reform bill about two weeks ago. Since the House had already passed a version, the two needed to be reconciled. That happened this week in conference. Here’s a look at what’s in the conference bill and how that differs from the original proposal and from current law (if you just want to see what’s new, those provisions are in italics): Expiration. Under current law, many tax provisions are permanent subject to inflation (like these for 2017). Occasionally, Congress passes temporary tax laws with a fixed expiration date (like these from 2015). Under the conference bill, many tax provisions for individual taxpayers, including the new tax…

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