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Legal Update

New Republican Tax Proposal: The Key to Unlocking US Tax Reform in 2017?

5 July 2016
Mayer Brown Legal Update

On June 24, 2016, House Republicans, led by Speaker Paul Ryan and Ways & Means Committee Chairman Kevin Brady, released an outline of an aggressive tax reform proposal. This proposal has many similarities to a proposal put forward by the Bush Administration in 2005, but one aspect of the new proposal—its treatment of pass-through business—may hold the key to unlocking tax reform in 2017.

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