BLUF: Republicans recently introduced the American Families and Jobs Act to address tax increases and propose changes in the 2017 Tax Cuts and Jobs Act, but most proposed changes expire after 2025, and the bill includes good and misguided reforms, such as expensing, 1099 fixes, interest expense limitation, expanded capital gains exclusion, repeal of select energy credits, and a temporary increase to the standard deduction, with room for improvement such as making expensing permanent and including a neutral cost-recovery system for structures.
Subscribe
Login
Please login to comment
0 Comments
Most Voted