Analysis

Gaps In Trump-GOP Tax Plan Hint At Loss Of Current Benefits

Law360, New York (October 4, 2017, 9:57 PM EDT) -- The tax plan put forward by the Trump administration and congressional Republicans is not only light on details about how to implement various tax cut proposals, but is also missing key policy goals that the framework's architects had been touting.

Its complete silence on certain issues — such as the favorable tax treatment some investors get and federal deductions for state and local taxes — suggests that lawmakers are likely considering how to limit or eliminate these provisions so they can raise revenue for the significant...
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