It’s here: The long-awaited Republican tax reform proposal is on the table, thanks to a House of Representatives plan that hit congressional desks on Nov. 2.
The 429-page bill, dubbed the “Tax Cuts and Jobs Act,” is the first step toward significant U.S. tax reform in nearly 30 years.
Experts are still sifting through the details, but more than a few analysts have already begun offering their views on what this will mean for taxpayers and those who serve them.
Some early observations, courtesy of Forbes writer Kelly Phillips Erb:
All of that is contingent on the bill being enacted as-is, which would take a miracle. Count on some changes before the final version is signed into law … if, in fact, it is signed into law.
Here are some more of the early analyses: