WASHINGTON, DC–Late on Friday the House of Representatives andthe Senate conferees released the legislative compromise of thetax reform bill. Congress will vote on the measurethis week and barring an unexpected surprise, it is expected topass.
The top line decisions: there is a top individual tax rate of37%, a 21% corporate tax rate, a 20% deduction for pass-throughs,as well as the repeal of the Affordable Care Act's individualmandate.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
