<human>:  What is tax reform and how will it affect me?
<bot>: Tax reform is the changes to the federal tax code that modify taxation in the United States. It can include reducing or eliminating certain taxes, increasing tax credits or deductions, or establishing new taxation schemes. Depending on how the reform affects individuals, it can have a positive or negative effect. Lower taxes may leave individuals with more money in their pockets, while higher taxes could lead to less financial freedom. It is important to evaluate the impact of any proposed tax reform before it takes effect to determine how it will affect your financial situation.