Tax Reform 2017: How the Unified Framework Would Change Current Law


The shared Republican vision for tax reform was unveiled to the public September 27, 2017, with the release of the “Unified Framework for Fixing Our Broken Tax Code” by leadership from the House, Senate, and Trump administration. As expected, the proposal focuses more on the big picture than on any specific details, but it sets a series of goals for lawmakers to try to achieve when drafting legislative language and provides a message to the public of what tax reform might actually mean for Americans and their businesses.

This report outlines how the proposal impacts current law.