Daily Tax Report ®

House Republicans List Tax Law Errors Before Entering Minority

Jan. 2, 2019, 9:59 PM

Outgoing House Ways and Means Chairman Kevin Brady released a bill listing technical changes needed to fix errors in the Republican tax overhaul.

  • The changes include corrections to restore a write-off for restaurants and retailers, allow victims of sexual harassment to deduct their legal fees, and permit investors in real estate investment trusts to take a 20 percent deduction
  • “The technical corrections process ensures that the implementation of the Tax Cuts and Jobs Act is consistent with Congressional intent,” Brady says in a statement Wednesday
  • The dozens of corrections also include clarifications about prepaid state and local taxes, tax rates...
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