Tax Law Update – Over 1000 Pages now – Best Guess of Passing Late July … House versus Senate temperament explained …

J.K. Financial, Inc. Tax Law Change Update

While trying not to beat us all over the head with repeat information — As mentioned here in our May 14 post :

“…..As of the writing of this post there is a near 350 page tax reform document that is floating around the various legislative bodies for approval or vote…..”

Fast forward a few weeks and we get to well over a 1000 page tax document…..

A cartoon character with a cheerful expression, wearing a cap that says 'PATience' and a blue shirt, set against an orange background.
Easy Reused Picture Choice

While the bill has made its way to the Senate from the original House approval…. in Wall Street terms, the House is like the Equity Markets (Adventurous …maybe even crazy at times!) the Senate is the stately more calm, prim and proper (boring – voice of reason) side of the Bureaucratic machine that will most certainly make many adjustments before sending their version back to the Adventurous ones for approval!

Our contacts – no promises of course, estimate a late July resolution in part due to several other timely factors!

Have a Great ” Tax Law Update” Day!

John A. Kvale CFA, CFP

AI Content Authenticity: AI created the patience picture. All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

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