Tax Reform Legislation Mark Up Commences in the Senate Finance Committee with the release of the Chairman's Modification to the Chairman's Mark.
The Chairman of the Senate Finance Committee, Orrin Hatch, yesterday released a modification of his initial tax reform proposal. The changes made do not significantly impact the provisions of concern to ECFC membership. However, one notable change made in this modification is the elimination of the individual mandate for health insurance that was a cornerstone of the Affordable Care Act.
A copy of the Chairman's Modification to the Chairman's Mark is here. A copy of the Joint Tax Committee (JCT) score of the Chairman's modification is here. An updated spreadsheet of the tax reform proposals of interest to ECFC membership is here.