The document is a section-by-section summary of the Tax Reform Act of 2014, prepared by the Ways and Means Committee Majority Tax Staff. It outlines proposed changes to the tax code, including reforms for individual and business taxes, simplification of tax benefits, and repeal of certain credits and deductions. Key areas include individual income tax rate reform, simplification of tax benefits for families, education incentives, and business tax reform. The document also addresses alternative minimum tax repeal, employment tax modifications, pensions and retirement, and provisions related to members of Indian tribes. It includes detailed explanations of each section, considerations for the changes, and revenue estimates by the Joint Committee on Taxation (JCT).
documents/EFTA01078150.pdf
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