Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
Senate Republicans Plan to Release Major Revisions to Trump’s Tax Bill
By Erik WassonThe Senate Finance Committee is expected to release a draft this week.
May 21, 2025
White House Says Failure to Pass Tax Bill Would Be ‘Ultimate Betrayal’Lawmakers struck a deal on the SALT cap, but some ultraconservatives are still on the fence.
May 21, 2025
Johnson Says Agreement Reached on Raising SALT Cap to $40,000The agreement suggests a resolution to one of the final issues holding up President Donald Trump’s economic bill.
May 21, 2025
Senate Passes No Tax on Tips ActThe bill, which passed 100-0, would exempt up to $25,000 in tips from federal income tax.
May 20, 2025
Trump Pushes SALT Republicans to Abandon Further Cap HikeHe also spoke with hard-liners seeking deeper Medicaid cuts. But both groups appear to be holding firm.
May 19, 2025
Trump Plans to Rally House Republicans Divided on Tax Cut BillPresident Trump plans to go to the Capitol on Tuesday to urge fractious House Republicans to overcome divisions.
May 19, 2025
Trump Tax Bill Advances After GOP Deal for Faster Medicaid CutsThe House Budget Committee vote paves the way for passage of the legislation as soon as Thursday.
May 16, 2025
The Hottest Tax Legislation Debate Isn’t In WashingtonJoin Professors Byrnes and Bloink on June 11 for a fierce, but friendly, debate about tax policy.