Tax Law Update – Over 1000 Pages now – Best Guess of Passing Late July … House versus Senate temperament explained …

While trying not to beat us all over the head with repeat information — As mentioned here in our May 14 post :

“…..As of the writing of this post there is a near 350 page tax reform document that is floating around the various legislative bodies for approval or vote…..”

Fast forward a few weeks and we get to well over a 1000 page tax document…..

While the bill has made its way to the Senate from the original House approval…. in Wall Street terms, the House is like the Equity Markets (Adventurous …maybe even crazy at times!) the Senate is the stately more calm, prim and proper (boring – voice of reason) side of the Bureaucratic machine that will most certainly make many adjustments before sending their version back to the Adventurous ones for approval!

Our contacts – no promises of course, estimate a late July resolution in part due to several other timely factors!

Have a Great ” Tax Law Update” Day!