Compromise, party discipline, and presidential influence could make this bill one of the most impactful yet.
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Quick Tax Tip
With Art Werner
CPE Today
When major tax reform is introduced, it’s easy to assume the process is straightforward: the House writes a bill, the Senate reviews it, and Congress either passes or blocks it.
But the truth is much messier—and much more interesting.
Even landmark provisions like Section 199A—beloved by many pass-through business owners—didn’t appear in the original drafts of the 2017 Tax Cuts and Jobs Act. Instead, it emerged as a late-stage compromise between the House and Senate. That kind of behind-the-scenes negotiation is exactly what’s at play now as a new tax bill moves through Congress.
So, what makes this round of tax reform different? It comes down to political alignment and momentum. At least 80 percent of the big, beautiful bill will become law, considering the administration’s ability to push its agenda and the GOP’s general party unity across both chambers.
Despite the momentum, not everything is guaranteed. One wildcard remains: the Senate parliamentarian. If any provision strays too far from budgetary relevance, it could be struck from the bill entirely. Still, the core elements—those with the most economic weight—will likely survive.
With so much riding on what’s included in the final bill, accountants need to stay informed, proactive, and ready to interpret the changes.