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And, in truth, we will not have a clear sense of how it is playing politically until the yet-to-be-issued 2018 tax withholding schedules produce adjustments in the size of paychecks.
A: Trump has promised that the over-taxed IRS will issue new withholding schedules by February.
Within weeks after the passage of the bill, the IRS would adjust withholding schedules for all taxpayers.
A swoosh of Trump’s pen at a signing ceremony and the withholding schedules for tens of millions of working Americans could be changed almost instantly.
Cruz also wants immediate expensing — allowing for the full deduction of capital purchases in the year they take place — rather than the current system of deductions according to depreciation schedules
But that could mean full, immediate expensing, as proposed in the House GOP blueprint, or any other proposals that are more aggressive than the hodgepodge of depreciation schedules in current law.