 |
| President Trump had lunch with Republicans on the House-Senate conference committee, including Senator Orrin G. Hatch of Utah, right, and Representative Kevin Brady of Texas, left, who chairs the Ways and Means Committee. Doug Mills/The New York Times |
By JIM TANKERSLEY, THOMAS KAPLAN and ALAN RAPPEPORTDEC. 13, 2017
WASHINGTON — The day after suffering a political blow in the Alabama special Senate election, congressional Republicans sped forward with the most sweeping tax rewrite in decades, announcing an agreement on a final bill that would cut taxes for businesses and individuals and signal the party’s first major legislative achievement since assuming political control this year.
Party leaders in the House and Senate agreed in principle to bridge the yawning gaps between their competing versions of the $1.5 trillion tax bill, keeping Republicans on track for final votes next week with the aim of delivering a bill to President Trump’s desk by Christmas. The House and Senate versions of the tax bill started from the same core principles — sharply cutting taxes on businesses, while reducing rates and eliminating some breaks for individuals — but diverged on several crucial details.
In the end, more of the Senate bill appeared to be included in the final version, though lawmakers continued to make significant changes from the legislation that passed either the House or the Senate.
No comments:
Post a Comment