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



NEWS

Tax Plan Vision Hazy as Mnuchin, Brady Disagree on Border Tax

Treasury Secretary Steven Mnuchin made appearances before the two tax-writing committees this week, reiterating the administration’s concerns about the House GOP’s border adjustment tax and raising doubts about whether the idea has enough momentum among Republicans to pass the House.

W&M Approves Three Bills to Modify Health Bill’s Tax Credits

The House Ways and Means Committee approved three bills clarifying the use of tax credits to purchase health insurance under the House-passed health care bill.

Mnuchin Tells Democrats No Go on Border Tax in Private Meeting (Bloomberg News)

Treasury Secretary Steven Mnuchin pronounced House Speaker Paul Ryan’s proposal for a border-adjusted tax dead during closed-door conversations with Democrats on the tax-writing Ways and Means Committee, according to two members of the panel.

Border Tax Skeptics Voice Doubts at House Hearing

Skeptics of border adjustability have said for weeks that the controversial import tax provision was on life support.

Trump Budget Glosses Over Tax Reform Details

President Donald Trump’s fiscal year 2018 budget request is light on tax details, giving House Republicans some leeway to continue crafting a plan.

Border Tax Showdown Comes Amid Lobbying Frenzy

Supporters and opponents of the House GOP border tax proposal have spent months lobbying and hundreds of thousands of dollars on television ads on the issue, according to a Bloomberg BNA analysis.

VIDEOS



SPECIAL REPORTS
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 April 28, 2017.

 


PODCASTS

Border Tax Debate Stirs as Reform Efforts Continue

Treasury Secretary Steven Mnuchin has expressed disapproval of the proposed border-adjusted tax, but hasn't yet offered additional details on President Donald Trump's one-page tax plan.

Concern Over IRS Funding Will Soon Face Trump Budget

President Donald Trump's budget proposal is expected to be released as early as next week, with IRS funding a primary point of concern for many members of Congress..

Senate Takes Reins on GOP Health Bill

With the House in recess, the Senate has taken up the American Health Care Act, which some say will be completely rewritten before it goes to a vote.

What Does Health Care Bill Passage Mean for Tax Reform?

The House passed the American Health Care Act on May 4 by a vote of 217-213 using a filibuster-proof reconciliation structure and with no support from Democrats.

Pres. Trump's Tax Plan Comes to Head With GOP's Tax Blueprint

Congress is back in session, and the GOP has a new task at hand: reconciling their tax reform blueprint against the President's recently released plan.

Protesters Demand President Trump Release His Returns

President Donald Trump's tax returns are going to be front and center to the tax reform debate, Sen. Ron Wyden (D-Ore.), ranking member of the Finance Committee, told Bloomberg BNA. Lawmakers and the American people need to know if Trump's tax proposals are motivated by self-interest, and his returns would make that clear, the senator said after a speech to thousands gathered outside the U.S. Capitol for the Tax March.


MEDIA COVERAGE

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.

Laura Davison Tax Plan with Bloomberg Radio

Capitol Hill Tax Reporter Laura Davison appeared on Bloomberg Surveillance to discuss President Trump’s tax overhaul plan and how it differs from the House GOP plan.

Laura Davison Trump Tax Plan with Bloomberg Radio

Capitol Hill Tax Reporter Laura Davison appeared on Bloomberg Markets to discuss President Donald Trump’s plan to slash the corporate tax rate to 15 percent.