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"Unified framework” released for tax reform

A tax reform plan has been released. The Trump Administration and select members of Congress have released a “unified framework” for tax reform. It provides more detail than other tax reform documents that have emerged from the White House over the past few months, but it still leaves many specifics to be worked out by Congressional tax-writing committees (the House Ways and Means Committee and the Senate Finance Committee). Among the provisions: a top tax bracket of 35% as compared with 39.6% today. To read the complete plan: http://bit.ly/2xFJpcV

Bradley H. Kearns, CPA, bkearns@sek.com

Nathaniel L. Fissel, CPA, MST, nfissel@sek.com

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