 Congress has shifted its full focus to tax reform as leadership scrambles to pass an overhaul of the nation’s code before the end of the year. Following several days of around-the-clock negotiations and speculation, The House GOP released the legislative text for H.R. 1 – The Tax Cuts and Jobs Act (TCJA) (text; section-by-section), signaling a significant step forward in the GOP’s push for a major overhaul of the nation’s tax code. The bill passed out of the House Ways and Means Committee last week, and heads to the House floor for debate and final passage by the end of this week, The Senate’s version of TCJA is slated to be marked up this week in the Finance Committee.
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