Even as congressional Republicans commended the Trump administration’s release of guidelines for comprehensive tax reform April 26, House and Senate taxwriters raised questions about funding the dramatic tax rate reductions.

The plan — released as a one-page sheet of paper — was detailed at an April 26 briefing by Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn.

The Trump outline does not include the controversial border adjustment proposal contained in the House GOP’s “A Better Way” tax reform blueprint, nor does it include the blueprint’s plan to offer full business expensing or eliminate the deductibility of net interest expenses.

“If the silence of the new Trump plan means that he is not supporting [border-adjustable taxes], then this is an important difference,” said Saba Ashraf, a tax attorney with Ballard Spahr. She indicated that removing the proposal would prevent the GOP plan from achieving revenue neutrality.

Other differences between the House lawmakers’ and Trump’s proposal include changing the rates for the three individual brackets from the blueprint’s 12 percent, 25 percent, and 33 percent rates, Ashraf noted. The administration also included doubling the standard deduction, which for joint filers in 2017 would be $25,700, a reduction from the Trump campaign proposal of $30,000s.

The general consensus is that much of the tax plan is a repeat of what Trump proposed during the campaign.

“Somewhat surprisingly, this plan is even shorter, and contains even less detail, than the plan he campaigned on,” Saba Ashraf of Ballard Spahr LLP told Tax Analysts. There are no dramatic differences between what Trump proposed as a candidate and what he’s proposing as president, and the few noteworthy differences that are there come mostly on the individual tax side, she said.

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