Republican Tax Plan

3 Things: The Republican Tax Plan

Republican Tax Plan

At SAGEbroadview we are very busy this holiday season and I expect our readers are too. So, for the rest of the year, barring an emergency that I would need to address (another credit agency security breach, for example), we will keep things short and sweet. I will share three articles each week with one or two sentences about each article. The articles may all be on the same topic, or not. So here we go!

Both Houses of Congress are out of session this week and the President will be in FL for Thanksgiving so work on the Republican tax plan is paused. The House voted to approve its version last week. The Senate Finance Committee voted along party lines and approved it; the full Senate is expected to vote on their proposal after Thanksgiving. Once the Senate passes its version (if?) then the two chambers need to reconcile their differences. There is still time to contact your state representatives and senators to voice your opinion.

More tax nerd stuff: the Republican tax plan

  1. If you are seeking perspectives from right, left, and center, here is a round-up of many points of view on the current tax plan:

Right and Left React to the Republican Tax Plan (The New York Times, 11/21/2017)

  1. The resulting bill will affect everyone so it would be good to familiarize yourself with its features. This article lays out the details of the plan without getting too wonky. You can skim the headings then dig in deeper if a topic catches your eye.

The House just passed its big tax bill. Here’s what is in it. (Wonkblog, The Washington Post, 11/16/2017)

  1. With proposed changes to student loan interest deductions, tax credits for college, use of 529 plans, and the taxation of tuition waivers for grad studentsHere’s how the House GOP tax plan could affect students, parents and universities (CNBC, 11/17/2017)

Sheri Iannetta Cupo, CFP®, Founding Partner (Retired) & Director
[email protected]

SAGEbroadview Wealth Management is a Fee Only firm offering ongoing financial planning and portfolio management, with tax planning woven carefully throughout our services. We work virtually across the country, with offices in Farmington, CT, Morristown, NJ, and Burlington, MA.