Politics

Details On Tax Reform Slated For Release Within Weeks

House Ways and Means Committee Chairman Kevin Brady said Wednesday that Republicans are planning to release the core elements of their tax reform plan the week of Sept. 25.

The extent of how detailed the consensus document — which is slated to include the portions of the plan the House, Senate and White House agree upon —  has not yet been determined as the Texas Republican noted they are still “working on that as we hammer out the final details of the discussions.”

“We will release a consensus document with the core elements of big, bold tax reform the week we return,  Sept. 25,” Brady said. “And then the process really hinges on the budget getting past the House and Senate and giving us the reconciliation instructions to go bold on tax reform.”

House Speaker Paul Ryan said the outline will kickstart the tax writing process as they plan to go through regular order to overhaul the tax code.

“The tax writing committees will take feedback and input, and they are going to go produce their bills in the weeks ahead,” he told reporters at the GOP leadership press conference Wednesday. “So this is the beginning of a very important process to achieve for the first time in a generation overhauling our tax system and giving middle-class families a much-deserved break.”

Ryan said that Republicans plan to use the reconciliation process, allowing the bill to pass with just a simple majority in the upper chamber.

Both chambers will need to pass the Fiscal Year 2018 budget to allow the reconciliation process to move forward. Members of the House Freedom Caucus have expressed concerns over voting for the measure until they receive more details on the tax reform proposal.

House Budget Chairman Diane Black told reporters she doesn’t see a vote on the budget happening the week they return from recess. A GOP aide told The Daily Caller News Foundation that the whip count is just short on the numbers needed for it to pass the lower chamber.

Top Republican lawmakers are looking to have tax reform passed before the end of the year.

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