Congressional Republicans want to avoid a repeat of their failed effort to repeal and replace Obamacare by focusing on adopting a legislative strategy on tax reform. On Wednesday, House Ways and Means Committee Chairman Kevin Brady (R-Texas) outlined a plan for House Republicans to move ahead with tax reform.
According to Brady, Republican leadership will release the framework of a bill on September 25, 2017. This will only be a framework because the details of a tax reform bill cannot be negotiated before the House and Senate reach an agreement on a budget resolution. The House Republican leadership’s goal is to begin the markup process within the Ways and Means Committee in October, and will attempt to approve a final budget resolution by then. Representative Brady is releasing the framework ahead of time to provide Republican tax negotiators with enough of a cushion to persuade conservatives on the bill before heading into budget talks.