The tax framework released on September 27, 2017 provides an outline of what the Big Six envision for tax reform. The proposals call for the simplification of the tax code and a reduction in tax rates for businesses and many individuals.

OK, but what's this framework mean in terms of the big picture on tax reform and for me personally? Host Damien Martin delivers a special bonus episode as Ed Karl, VP of taxation at the American Institute of CPAs (AICPA), returns to the podcast to break down the following:

• It's what we were expecting @ 1:40
• There's some things we learned with the framework @ 3:32
• But there's some things we'll have to wait and learn about @ 8:29
• The word "unified" has a limited definition @ 14:38
• Overall odds on tax reform remain unchanged @21:28