Senate to Use Reconciliation for Tax Reform

Senate Republicans intend to pass tax reform legislation early next year through reconciliation, thereby bypassing the threat of any filibustering by Senate Democrats, according to Senate Majority Leader Mitch McConnell (R-KY). McConnell confirmed to reporters Dec. 12 that the Senate will pass two budget resolutions after President-Elect Trump is sworn in – one repealing Obamacare… Read more »

GOP Tax Writers Meeting to Discuss Tax Reform

House Ways and Means Republicans will be delving into the specifics of a tax overhaul plan in meetings next week, according to Ways and Means Committee Chairman Kevin Brady (R-TX). The meetings will take place Dec. 14 and 15 after lawmakers have already likely adjourned for the holidays, according to Bloomberg BNA. Brady and House… Read more »

GOP Confident on Tax Reform in 2017

Seizing on momentum from their party’s electoral sweep last week, House Republicans are now confident that a dramatic, comprehensive overhaul of the tax code is a near certainty next year. “I’m here to tell you that tax reform is going to occur in 2017,” said House Ways and Means Committee Chairman Kevin Brady (R-TX) this… Read more »

Trump Win Could Spur Tax Reform

Following President-elect Donald Trump’s win on Nov. 8, House Republicans said this week that tax reform will be near the top of their legislative agenda for 2017. A tax code overhaul is much more probable after Trump’s win, because the tax blueprint released earlier this year by GOP tax-writers is very close to the tax… Read more »