The Republican race to overhaul the tax code broke into a sprint on Thursday, with House members narrowly clearing a budget blueprint that would allow a tax bill to pass Congress without any Democratic votes, and Senate leaders signaling that the bill could be introduced, debated and approved in both chambers by the end of November. (Source: New York Times)

You may wonder why we continue to emphasize this legislation in our communications to you. It is because this legislation has the potential to be a big deal – perhaps the most important tax legislation in over 30 years. But, we cannot be more specific until we get a chance to take a look at the details which are expected to be released this week. Assuming they are released as anticipated, you can expect to see details in the next Weekly Commentary.