Congress could make big changes to the tax code this year. You’ll want to ponder these strategies to stay one step ahead.
This week Democrats on the House Ways and Means Committee voted to advance dozens of. Some are tax increases that would raise more than $2 trillion of revenue to help fund the party’s priorities.
The final shape of the bill and the fate of specific provisions are far from clear. Democrats have a slim majority in the House and a slimmer one in the Senate, while Republicans are almost uniformly opposed to the changes. Further wrangling could come on the House floor, and then the Senate gets its shot.
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