- Republican released their long awaited tax reform bill, the Tax Cuts and Jobs Act, on Thursday.
- Economists and analysts are almost uniformly convinced the bill will substantially change over the next few weeks.
- Issues like the state and local tax deduction, the home-interest mortgage, and more remain in flux.
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The massive Republican tax bill is going to look a lot different in a few days
The Republican tax bill will likely see major edits before it makes it to the floor according to analysts and many Republicans.
House Republicans released their long-awaited tax reform bill on Thursday — a massive, 429-page document chock full of proposed changes to the tax code. But those changes could be just the beginning of the party's long process to pass a bill that satisfies as many interested parties as possible.
"No need to take a deep dive
A few major aspects of the bill could significantly change — the most significant being the state and local tax (SALT) deduction. The deduction benefits many people in states with high taxes like California, New York, and New Jersey.
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