The House passed the Republican tax reform bill, H.R. 1, also known as the “Tax Cuts and Jobs Act,” by a 227-205 vote, with numerous provisions that have met with both support and concern from the financial industry.
The bill would cut taxes by approximately $1.5 trillion over 10 years if adopted and includes many provisions that are also included in the Senate’s tax bill, which has passed out of committee.
Find out what the industry is saying about the tax reform proposals that are working their way through Congress.