The Senate tax plan released Nov. 9 and amendments to the House bill (H.R. 1) bring new considerations for tax professionals as Republicans press forward with tax reform efforts.

Bloomberg Tax reporter Allyson Versprille hosts this week’s Talking Tax alongside Justin Shafer, a partner and U.S. tax reform leader at Ernst & Young LLP, to discuss what practitioners should look for in the proposal, including revenue considerations, how the plan differs from the House bill, and what could come next in the legislative process.

EY tax policy experts Michael Mundaca and Cathy Koch offer their take on what’s ahead.