
US Tax Legislation
President Donald Trump is back in the Oval Office and is working with a Republican-controlled Congress just as key parts of his signature legislation, the Tax Cuts and Jobs Act of 2017 (TCJA), are set to expire. Trump and congressional Republicans have indicated their hope to permanently extend marquee TCJA provisions such as the reduced income tax rates for individuals, increased exemptions for the individual AMT and the estate and gift tax, the doubled child tax credit, the increased standard deduction, and the 20% deduction for passthrough business income. Trump also has signaled his hopes to enact additional tax provisions he proposed on the campaign trail, such as a 15% corporate tax rate for domestic manufacturers and federal tax exemptions for tip income, overtime pay, and Social Security benefits.
This page is designed to keep you abreast of developments in Congress and at the White House through insights from trusted Deloitte tax specialists given the tax policy challenges ahead. Check back often for updates and to understand potential changes on corporate, individual, and international tax policy.

Perspectives
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Services
Deloitte OECD Pillar Two Tax Advisory services
From policy to practice
OECD Pillar Two introduces broad changes to how global businesses are taxed - and in turn, their tax data requirements, calculation, and reporting demands. We can help you identify and assess the impact of this complex new legislation in multiple countries.

Accounting industry updates
Changes in standards and regulatory requirements
The latest Deloitte developments in revenue recognition, lease accounting, hedge accounting, and more.
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