Rush To Pass Tax Reform Likely To Leave Years of Fixes

By Alex M. Parker (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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!