Analysis

Rush To Pass Tax Reform Likely To Leave Years of Fixes

Law360, Washington (December 1, 2017, 5:27 PM EST) -- The madcap pace of tax reform's dash toward passage has astonished even the savviest Hill watchers, but the entire process is likely to take much longer.

Lobbyists, accountants and lawyers have already found ambiguities and apparent contradictions in the language of the Senate's Tax Cuts and Jobs Act, but expect to find scores more with a bill that has been public for only a matter of weeks. The "technical corrections" phase, when those issues are resolved through later legislation, is expected to dwarf what followed the 1986 tax reform bill — which took years.

And it could set up the Trump administration...

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