Finance Committee Chairman Hatch Releases Senate Tax Reform Bill

The release of tax reform legislation by Finance Committee Chairman Hatch marks the next significant step in the legislative effort to overhaul the US tax system. There are political hurdles to overcome for Congress to enact sustainable reform of US tax law providing a more competitive tax system for business taxpayers and improved economic opportunities for individuals and families. Stakeholders considering the effects of individual proposals will need to look at the overall benefits of reforms intended to boost US competitiveness and productivity through lower business tax rates, a modernized international tax system, and incentives to invest in the United States.