Search
 

Senate panel approves tax plan as GOP leaders gird for fight

Early opposition to the tax bill among the Senate GOP concerns tax treatment of partnerships and other pass-throughs, the repeal of the ACA individual mandate, and the deficit implications of the plan.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Early opposition to the tax bill among the Senate GOP concerns partnerships and other pass-throughs, the repeal of the ACA mandate, and deficit worries. (Photo: Mike Scarcella/ALM)

(Bloomberg) – Hours after House Republicans jubilantly passed their tax bill, their colleagues on the Senate Finance Committee approved a far different version — one that postpones difficult questions as lawmakers rush to refashion much of the U.S. economy on a tight timeline.

The Senate plan’s most pronounced differences from the House bill include provisions to delay a corporate tax-rate cut by one year and to make various individual tax breaks expire by 2026.

Recommended Stories

5 HSA FAQs on eligibility

Whitney Richard Johnson, Esq. & BenefitsPRO editors |

Answers to help employers as well as brokers and advisors be aware of eligibility requirements for Health Savings Accounts.

BenefitsPRO Broker Expo 2020Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.