The Presidential Inauguration is tomorrow and, wherever you stand on the whole thing, there is no escaping that our country is entering a period that is sure to bring major change. In this space, we focus on the tax side of things, and President-elect Trump has repeatedly said that major tax reform is an overwhelming priority, promising to command a good deal of his attention during his first 200 days in office.
With Republicans also controlling the House and Senate, one would think the reform Trump wants would be quickly achieved, even with the standard Democratic opposition. Reality, however, is a different matter, and in recent weeks, major differences have arisen between Trump’s vision for the tax law and those shared by other Republican leaders, most notably Kevin Brady, Chairman of the House Ways and Means Committee and the author of the GOP’s 2016 “A Better Way,” a blueprint for tax reform.
Let’s take a look at the differences between the proposals set forth by Trump and Brady — both minor and major — and see where they fall out on a “Problematic Scale” of 1-10.
Authored by Tony Nitti, Withum Partner and writer for Forbes.com.