The Tax Foundation published an excellent summary that compares and contrasts the House and Senate Tax Reform Plans. The Tax Foundation is an independent policy organization whose mission is to lead the tax reform debate toward smarter, simpler policy. This analysis is applicable to both individuals and businesses. Learn more by clicking here.
What the final plan will look like is anyone’s guess. In all likelihood, the proposed legislation will head to a House-Senate conference committee for a compromise plan before submitting a final bill to the President.