The Trump Administration and some GOP members have expressed interest in a second tax reform measure that would address technical corrections to H.R. 1, the Tax Cuts and Jobs Act (TCJA), among other tax provisions advocated by GOP members.
Additionally, House Ways and Means Chairman Kevin Brady (R-TX) has announced intentions to advance a health care tax package that would expand health savings accounts. This package is expected to include legislation the House passed last year, but was not included in TCJA that would end restrictions on using health savings accounts for over-the-counter medications and raise contribution limits. It is not likely that any additional tax reform legislation will be considered prior to the mid-term elections, but Argentum is continuing to monitor all tax reform opportunities to ensure senior living is a part of the ongoing dialogue.
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