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The New Tax Bill and Your Family: Various Views on the Tax Cut and Jobs Act (HB1)

The New Tax Bill and Your Family: Various Views on the Tax Cut and Jobs Act (HB1)

I have had a number of folks ask me for my input/criticism/praise of the new tax bill that just passed the Senate -- and is later expected to pass the House and be signed into law by President Trump.

As I am not an expert on tax law -- nor do I wish to become one during the holidays -- I believe that it is best to point people to resources from various organizations regarding the bill. While I have my own opinions of the bill, I figured it would be best to provide you with the information and let you make your own opinions.

Text of the Act: https://www.congress.gov/bill/115th-congress/house-bill/1/text

From the Congressional Budget Office: https://www.cbo.gov/publication/53349

From the University of Pennsylvania's Wharton Business School: http://budgetmodel.wharton.upenn.edu/issues/2017/11/7/the-tax-cuts-and-jobs-act-dynamic-effect

From Harvard Law School: https://corpgov.law.harvard.edu/2017/11/18/introduction-to-the-tax-cuts-and-jobs-act/

From the Tax Policy Center: http://www.taxpolicycenter.org/feature/analysis-tax-cuts-and-jobs-act

From the Tax Foundation: https://taxfoundation.org/2017-tax-cuts-jobs-act-analysis/

From the Urban Institute: https://www.urban.org/research/publication/macroeconomic-analysis-tax-cuts-and-jobs-act-passed-senate

From Americans for Tax Reform: https://www.atr.org/atr-analysis-tax-cuts-and-jobs-act

From the Council of Foundations: https://www.cof.org/page/summary-and-analysis-final-tax-cuts-and-jobs-act

Washington Examiner: http://www.washingtonexaminer.com/read-the-republican-tax-bill-for-yourself-full-text-of-the-tax-cuts-and-jobs-act/article/2643686

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