section shall apply to taxable years beginning after December 31, 2017. 1312. Denial of deduction for expenses attributable to the trade or business of being an employee (a) In general Part IX of subchapter B of chapter 1 is amended by inserting after the item relating to section 262 the following new item: 262A. Expenses attributable to being an employee (a) In general Except as otherwise provided in this section, no deduction shall be allowed with respect to any trade or business of the taxpayer which consists of the performance of services by the taxpayer as an employee. (b) Exception for above-the-line deductions Subsection (a) shall not apply to any deduction allowable (determined without regard to subsection (a)) in determining adjusted gross income. . (b) Repeal of certain above-the-line trade and business deductions of employees (1) In general Section 62(a)(2) is amended— (A) by striking subparagraphs (B), (C), and (D), and (B) by redesignating subparagraph (E) as subparagraph (B). (2) Conforming amendments (A) Section 62 is amended by striking subsections (b) and (d) and by redesignating subsections (c) and (e) as subsections (b) and (c), respectively. (B) Section 62(a)(20) is amended by striking subsection (e) and inserting subsection (c) . (c) Continued exclusion of working condition fringe benefits Section 132(d) is amended by inserting (determined without regard to section 262A) after section 162 . (d) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2017. E Simplification and reform of exclusions and taxable compensation 1401. Limitation on exclusion for employer-provided housing (a) In general Section 119 is amended by adding at the end the following new subsection: (e) Limitation on exclusion of lodging (1) In general The aggregate amount excluded from gross income of the taxpayer under subsections (a) and (d) with respect to lodging for any taxable year shall not exceed $50,000 (half such amount in the case of a married individual