1

Republicans are struggling to move forward on a budget resolution that would allow them to create reconciliation instructions to ease the passage of tax reform.

2

House Speaker Paul Ryan, R-Wis., last week made a strong commitment to permanent tax reform, splitting sharply with key Republicans who would settle for a temporary bill in order to abandon revenue neutrality.

3

The provision is largely aimed at supporting two current construction projects that have faltered, but Senate tax writers have made no commitment to pass the bill.

4

Senate Republicans released healthcare reform legislation on June 22 that follows the House's lead in repealing Affordable Care Act (ACA) taxes, but breaks from the House bill in several other key areas.

5

Senate Majority Leader Mitch McConnell, R-Ky., said last week that he was committed to revenue-neutral tax reform, but warned that the Senate could not pass a bill with the House's border...

6

Republicans on the Ways and Means Committee emerged from a two-day retreat pledging to work with the administration on developing a unified tax plan based on the blueprint released by...

7

House Republicans pushed through their health care bill on a narrow 217 to 213 vote after weeks of difficult negotiations ...

8

The Trump administration released an outline for tax reform on April 26 that includes the president's bold proposals to slash rates but leaves many of the difficult questions unanswered.

9

House Republicans offered legislation to repeal the Affordable Care Act (ACA) on March 6 that would repeal or postpone $594 billion worth of ACA tax provisions over a staggered timeline.

10

Trump has embraced the concept of a ‘border adjusted' tax, though he stopped short of specifically endorsing the border adjustability provision at the heart of the House Republican tax plan.

11

House Republicans released a blueprint for repealing the ACA that includes a new tax refundable tax credit for individuals to purchase insurance and a cap on the exclusion for employer-provided health care.

12

The potential for sweeping tax changes is greater now than in decades, but many open questions remain.

13

The Trump administration expressed wariness last week over the border adjustability proposal at the heart of the House GOP tax blueprint.

14

The directive itself does not change any of the ACA coverage or tax requirements.

15

The House and Senate approved a budget resolution last week that would allow them to repeal the Affordable Care Act (ACA) using the budget reconciliation process.

16

President-elect Donald Trump recently announced his intention to nominate financier Steven Mnuchin as Treasury secretary.

17

Prospects for tax reform are significantly greater with the Republican Party taking charge of the White House, but even with GOP majorities in both houses of Congress, reform won't be easy.

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Tax planning means planning ahead. With that in mind, Grant Thornton LLP has put together three year-end tax guides designed to address the complex tax issues you're worrying about in 2016.

19

Congress agreed to temporarily extend government funding through Dec. 9, allowing a recess for the elections in anticipation of returning for a lame duck session to wrap up final unresolved issues.

20

Republicans in Congress advanced a number of narrow tax bills over the last several weeks in an effort to prepare as much tax legislation as possible for a last-ditch legislative push.