Capitol Correspondence - 02.05.18

CBO Report Including Tax Reform Bill’s Effect Possible in February

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According to a snippet in Politico Pro:

[On Congressional Budget Office (CBO) Director Keith Hall:] “Hall said CBO was nearly finished with its analysis of the GOP’s tax plan, which will be included in the agency’s 2018 economic outlook. That report, which is highly anticipated ahead of this year’s midterm elections, is expected in the coming weeks.

It will be the first nonpartisan analysis since the Joint Committee on Taxation predicted in November that the tax bill, H.R. 1 (115), would add roughly $1.5 trillion to the national debt.”

In ANCOR’s 2017 advocacy efforts surrounding the tax bill, we had flagged several provisions of concern in the final agreement – including changes to UBIT and the charitable deduction. ANCOR will be reviewing the CBO report once it is released to see whether the agency has any assessments on those provisions.