How the Byrd Rule Might Have Killed the 2017 Tax Bill ... and Why It Didn't.

The article examines the impact of arcane budget law known as the "Byrd rule" on the Tax Cuts and Jobs Act in the U.S. It mentions that major tax cuts enacted through reconciliation since 2001 have been sunset. It also mentions about impact of 2017 Tax Legislation on the corporate tax rate cut and amortization of research and experimentation (R&E) expenditures.