Last Wednesday, the House Ways and Means Committee voted to approve a new bill addressing various tax provisions and extensions — with no modifications. This bill includes substantial changes affecting businesses, individuals, estates, and energy-related tax credits. The bill could potentially increase the US deficit by up to $4 trillion over the next 10 years, so due to the high cost, it seems unlikely to be approved by the senate. However, we do expect some of these items will eventually be pushed through. Here’s a breakdown of what is currently included in the bill: