Some Thoughts on Tax Reform
December 28, 2017
After several expeditious weeks of deliberation and negotiation, Congress officially passed the Tax Cuts and Jobs Act on Wednesday, December 20th to take effect the first day of 2018. The bill represents the most comprehensive and impactful piece of tax reform to be enacted since that of the Reagan Administration in 1986, and it has several key implications for individual taxpayers, investors, and corporations of all sizes. The following synopsis of the primary highlights of the tax bill are by no means exhaustive but are meant to inform you of the most significant takeaways to you as taxpayers and investors.