Senate Passes Tax Cuts and Jobs Act, Doesn’t Kill The Death Tax
Late Friday night, the Senate joined the House in passing its tax reform framework, the Tax Cuts and Jobs Act, in a 51-49 vote. For decades, family businesses of all sizes have operated under an outdated and complicated tax code. The passage of the Senate tax reform bill is another step toward lasting reform that simplifies the tax system, reduces tax burdens on small businesses, and boosts income for workers. The Senate tax reform proposal remedies several significant shortcomings of the current code by reducing the corporate rate to 20 percent, lowering taxes…continue reading →
