The Senate Releases Its Version Of Tax Reform

On Thursday, the Senate released a detailed description of its initial tax reform bill, the Senate Tax Cuts and Jobs Act (STCJA). The STCJA now heads to markup by the Senate Finance Committee the week of Nov. 13. Majority Leader Mitch McConnell indicated he expects the Senate to hold a vote on the bill before Thanksgiving. If it passes, it would then go to a conference committee to negotiate differences between it and the House version.

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