National | November 17, 2017

House Passes Tax Reform Bill; Senate Next?

A sweeping overhaul of the tax code, viewed as a cornerstone of President Trump’s economic agenda, cleared the U.S. House of Representatives. H.R. 1, the “Tax Cuts and Jobs Act” passed a House vote, 227-205, and now moves on to a possible Senate vote by the end of the month.

The House tax bill would cut taxes by as much as $1.5 trillion over 10 years. The corporate tax rate would be cut to 20% from 35%, the number of tax brackets reduced to four from seven, the U.S. will shift to an international tax system more closely aligned with other countries, and many popular deductions, such as one for state and local taxes paid, would be eliminated or scaled back.

Significant obstacles still remain to the tax rewrite, since Republicans must align House legislation with a bill working through the Senate Finance committee that has wide gaps to be bridged.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.