Additional tax relief for families includes a significant increase in the Child Tax Credit (but a repeal of the personal exemptions for dependents). whether the new maximum tax rate for small/family businesses only applies to certain businesses or industries – yes, manufacturing; no, private equity. My experience on the Finance Committee for nearly eight years working on some big, big bills – I found that it is easier to get policymakers comfortable with difficult choices when overall there are going to be a great deal more winners than losers. Keep your eye on those budget resolutions and the net tax number – that will be the big indicator of what is possible. I have confidence with a good tax number for reconciliation the two capable Chairmen can make this happen.

Source: Forbes September 27, 2017 16:27 UTC