Analysis

No Easy Fixes For Problems In Republicans' $1.5T Tax Cut

Law360, New York (January 1, 2018, 3:04 PM EST) -- The Republicans' $1.5 trillion tax cut legislation has been identified as having multiple errors, ambiguities and unintended consequences that need to be corrected through future legislation, but fixing these problems is a politically vexing task that could leave unclear policies in place for taxpayers.

Even before President Donald Trump signed H.R. 1 on Dec. 22, which lowered tax rates and introduced sweeping changes to the tax code, Republican leaders who drafted the bill began discussing the need for so-called technical correction bills to mend mistakes and oversights.

But their hopes to introduce such legislation on the House and Senate floors will...

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