Framework for Tax Reform

This morning, the Unified Framework on Tax Reform was released by Republican members of the House Ways & Means Committee, Senate Finance Committee, and the Trump Administration.  Some high level summaries and observations follow.

Individual Rates

Small Family-Owned Business Taxation

Corporate Taxation

Other Deductions & Credits

We anticipate legislative action on the Framework proposals will begin in October 2017.

© 2024 Covington & Burling LLP
National Law Review, Volumess VII, Number 270