Just six short months ago, the prospect of historic tax reform being implemented retroactively to January 1, 2017 seemed like a very real possibility. Now, with health care reform unfinished, Congress’s summer recess around the corner and the November elections quick to follow, tax reform in 2017 will be nearly impossible and many people are wondering if we’ll be in the same position one year from now. In order for any of the lasting policy changes that the Republicans are hoping for to take effect, the tax plans issued by the President and the GOP would have to be significantly altered towards revenue neutrality to pass through the budget reconciliation process or Republicans and Democrats would have to work together to create a plan that both can agree on to meet the 60-vote threshold in the Senate. This course will discuss the tax plan released by the White House in April 2017 and how it differs from prior drafts and GOP plans. It will examine the major issues of contention currently being discussed in Congress surrounding tax reform. Finally, it will discuss the timing and procedural challenges that tax reform will face and what aspects are most likely to become law.