by Congressional Research Service, Library of Congress, Major Issues System in [Washington, D.C.] .
Written in English
|Statement||by David L. Brumbaugh, Stacey M. Kean|
|Series||CRS issue brief -- order code IB86114, Issue brief (Library of Congress. Major Issues System) -- no. IB86114, Major studies and issue briefs of the Congressional Research Service -- 1986-87, reel 10, fr. 000800|
|Contributions||Kean, Stacey M, Library of Congress. Major Issues System|
|The Physical Object|
|Number of Pages||20|
The Tax Foundation is the nation’s leading independent tax policy nonprofit. Since , our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. Joint Committee Bluebooks. Generally, at the end of each Congress, the Joint Committee Staff, in consultation with the staffs of the House Committee on Ways and Means and the Senate Committee on Finance, prepare explanations of the enacted tax legislation. The explanation follows the chronological order of the tax legislation as signed into law. President Trump’s tax cut reduced taxes by $5 trillion. Now The Trump Tax Cut shows how you can benefit from hundreds of deductions, loopholes and tax secrets. You’ll also read about the “Trump Tax Loophole” that can slash your personal taxes by an additional 20% instantly! That’s if you qualify — and many Americans do/5(). The General Explanation of Public Law , prepared by the staff of the Joint Committee on Taxation in consultation with the staffs of the House Committee on Ways and Means, the Senate Committee on Finance, and the Treasury Department’s Office of Tax Policy.
This supplement to KPMG’s Handbook, Accounting for Income Taxes, considers the financial reporting implications under US GAAP of H.R. 1, originally known as the Tax Cuts and Jobs Act (‘the Act’ or ‘tax reform’). The Act was enacted on Decem and has significantly impacted. The new tax reform bill keeps the SALT deduction but limits the total deductible amount to $10,, including income, sales and property taxes. (10) The new tax reform bill keeps the SALT (state and local taxes) deduction but limits the total deductible amount to .