The Future of the U.S. Tax Code


President Donald Trump and House Republicans have promised to make revamping the tax code a top priority, which could result in the first major overhaul of the U.S. tax system since 1986. Our editors, reporters, and network of leading practitioners are tracking, reporting, and providing insights and analysis on developments as they unfold.

For reform updates relating to specific areas of tax, select one of the topics on the left.

To catch up on the major events that have happened so far, check out the Tax Reform Tracker, below.

News | Videos | Special Reports | Podcasts | Media Coverage | Tax Reform Tracker


Hatch: Big-Six Tax Framework Won’t Dictate Finance Bill

A preview of the coming battles over tax reform was evident at a Senate Finance Committee hearing where Chairman Orrin G. Hatch (R-Utah) said his committee wouldn’t be “anyone’s rubber stamp.”

Tax Reform Outline Coming in Two Weeks, Before Budget Vote

House Republicans will release a tax reform framework the week of Sept. 25, a step forward after months of stops and starts.

Trump Talks Tax With Democrats as Budget Deal Remains Elusive

Congressional Republicans expect they can pass a tax bill without needing Democratic votes.

Retroactivity May Be Carrot GOP Seeks to Secure Tax Reform Win

The political pressures of the 2018 midterm elections are prompting some Republicans to push for a retroactive tax reform bill.

Synopsys Anticipating Tax Reform Plans to Repatriate Up to $850M

Synopsys Inc., a U.S. electronics company, plans to repatriate up to $850 million of overseas earnings—a move that may reflect concerns among multinationals that certain tax benefits could disappear under tax reform, practitioners said.


Federal Tax Reform Impact on States

Check out what you missed in our Twitter #TaxReformChat Tax Reform Lessons: A Look at How It Worked in 1986, And What's Different Now

Take a look at a comparison of the current law and proposed changes as of August 3, 2017.



GOP Hopeful Tax Plan Details Will Drive Reform Efforts

House Ways and Means Committee Chairman Kevin Brady (R-Texas) said details of the GOP's new tax reform plan will be revealed the week of Sept. 25.

Midterm Election Deadline Looms Over Tax Reform Efforts

House Ways and Means Committee Chairman Kevin Brady (R-Texas) and House Speaker Paul D. Ryan (R-Wis.) are confident that tax reform will be passed this year.

GOP Takes Tax Reform Campaign on the Road

House Speaker Paul D. Ryan (R-Wis.) and House Ways and Means Committee Chairman Kevin Brady (R-Texas) are taking their pitch for tax reform across the country.

The Minefields of Estate Planning and Carried Interest

Navigating the complexities of estate planning with carried interest can quickly become a daunting task.

Looking Ahead to Post-Recess Tax Reform Action

Senate Finance Committee Chairman Orrin G. Hatch (R-Utah) says Republicans will "hit the rich" in tax reform.


Colleen Murphy on Tax Reform Timing with Bloomberg Radio

Capitol Hill Tax Reporter Colleen Murphy looks at the potential timeframe for tax reform on Bloomberg Surveillance

Laura Davison on Border Tax with Bloomberg Radio

Capitol Hill Tax Reporter Laura Davison discusses a House Ways & Means Committee hearing on the border tax, which has divided GOP members, on today’s Bloomberg Surveillance.

Alex Ruoff on ACA Repeal with Bloomberg Radio

Capitol Hill Healthcare Reporter Alex Ruoff discusses the likelihood of an Affordable Care Act replacement and repeal — and the driving force of the House on this effort — on Bloomberg Surveillance.

Laura Davison on Trump Tax Reform with Bloomberg Radio

Congressional Tax Reporter Laura Davison appeared on Bloomberg Markets to discuss the timeframe for the rollout of the detailed tax reform plan from the Trump administration and some of its major underpinnings.

Laura Davison on NPR’s 1A on Trump’s Tax Blueprint

Capitol Hill Tax Reporter Laura Davison appeared as a guest on NPR’s 1A to discuss President Trump’s new blueprint for big tax cuts and how it will impact workers and business owners.

Colleen Murphy on Trump Tax Cuts with Bloomberg Radio

Tax Reporter Colleen Murphy appeared on Bloomberg Markets to discuss the release of what the White House calls the ‘biggest tax cut’ in U.S. history.

Stu Basu on Bloomberg Radio to Discuss President Trump's Tax Plan

Tax Reporter Stu Basu was a guest on Politics, Policy and Power where he discussed President Trump’s proposed 15% corporate tax rate and its impact on businesses.