Revenue estimate of Senate Finance tax reform bill | KPMG | US

JCT revenue estimate of Senate Finance-approved tax reform bill

Revenue estimate of Senate Finance tax reform bill

The Joint Committee on Taxation (JCT) today released a revenue estimate of the tax bill—the “Tax Cuts and Jobs Act”—that was approved and ordered reported last evening by the Senate Finance Committee.

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The revenue estimate reflects the bill as approved by the Finance Committee, and is inclusive of all modifications and changes. Read JCX-59-17 

 

The JCT today also released a revised report of the distribution effects of the Senate Finance Chairman’s mark, and in a transmittal message explained that two numbers were corrected:

  • In the line “Total, All Taxpayers” for the column “Change in Federal Taxes,” the entries -$164,563 and -4.0% were corrected to read -$174,331 and -4.3%.

Read JCX-58R-17

 

The JCT on November 24, 2017, released a report showing the distributional effects of the Senate Finance Committee bill. Read JCX-60-17

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