Last month we reported on our hopeful possibility of tax reform’s progress in Congress. We’re pleased to report its passage in the House and significant progress in the Senate. Although far from reaching the president’s desk, more progress has been made on this front than has been in a very long time.
As we reported previously, passing the House was relatively easy. We say relatively easy because not everything can pass the House, although it’s far less susceptible to the whims of one individual senator. While members of the House have the ability to form blocs in defeat of a bill or command changes, when the majority has 218 votes, there’s little stopping a bill from moving through the lower chamber.