The first significant piece of legislation to make it to President Trump’s desk, the Tax Cuts and Jobs Act (H.R. 1), includes an employer tax credit for providing paid family and medical leave, elimination of a business expense deduction related to nondisclosure agreements, repeal of the Affordable Care Act’s (ACA) individual mandate, and changes to the tax treatment of certain employer-provided fringe benefits, among others. The massive tax bill merges separate measures the House and Senate passed in November and December, respectively, and was approved by both chambers—after some eleventh-hour amendments to Senate budget rules—on December 20, 2017. The bill is expected to be signed into law by President Trump.
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