At some point this week, the House and the Senate are likely to approve a massive income-tax overhaul that will have a sweeping effect on families nationwide. How the legislation will affect the family living at 1600 Pennsylvania Ave. NW, though, isn’t entirely clear.
With votes of approval expected on the tax bill Tuesday and President Trump’s signature making it law at some point soon thereafter, it’s worth revisiting the awkward years-long dance that led Trump to break with four decades of tradition and keep his tax returns private. That is the inescapable conflict at the heart of the reform effort. A billionaire president already under fire for blurring the line between his private economic interests and his official duties will sign into law the most sweeping changes to the nation’s tax policy in decades, and we have no idea how it will affect him personally.
