Trump Signs Tax Reform Bill Into Law

Earlier today President Trump signed the just-passed tax reform legislation into law.

Though there had been discussion that the President would wait until January to sign the legislation, last night Congress passed a government funding bill that includes a waiver of mandatory spending cuts under “pay as you go” budget requirements – a waiver that freed the President up to sign the bill without also requiring cuts of certain entitlement programs.

With the bill now law, the policies are set to take effect January 1, 2018 – including the doubling of the estate tax exemption.

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