The Senate Finance Committee Releases Legislative Text on the Tax Reform Bill


The Senate Finance Committee released the legislative language for the Senate’s version of tax reform, the Tax Cuts and Jobs Act, as reported out of Committee last Friday, and the estimate of the revenue impact of the bill, prepared by the staff of the Joint Committee on Taxation. Senate Majority Leader McConnell has stated that the full Senate will take up this legislation when they return from Thanksgiving recess.

The text of the bill can be found here:
A Section by Section Summary can be found here:
The JCT revenue estimate can be found here:

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About Employers Council on Flexible Compensation

The Employers Council on Flexible Compensation (ECFC) is a non-profit organization dedicated to the maintenance and expansion of private employee benefit programs on a tax-advantaged basis. The organization has two driving missions. The first is to represent and promote flexible compensation programs through effective lobbying. The second is to provide information on flexible compensation programs to member, national opinion leaders and the general public to help create a positive climate for the growth of flexible compensation.