tax overhaul

Senate Tax Positions Prevail in Conference, House GOP Doesn’t Care
Concerns muted amid political imperative to achieve a legislative victory

Senate Finance Chairman Orrin G. Hatch, R-Utah, left, and House Ways and Means Chairman Kevin Brady, R-Texas, led negotiations on the GOP tax overhaul conference committee. (Tom Williams/CQ Roll Call)

The tax overhaul conference report looks a lot like the Senate bill. Senate negotiators prevailed on most of the major issues — and House Republicans say they’re fine with that.

House Republicans interviewed for this story said they will support the final product despite it being very different from the one they voted on in November, with reasons ranging from specific provisions they championed to the overall benefits of the sweeping package.

Ready or Not, House Republicans Set Vote on Tax Overhaul
But floor delay remains a possibility as GOP leaders wrangle votes

Speaker Paul D. Ryan said the health care debate taught him not to set an “artificial deadline” for passing legislation. (Tom Williams/CQ Roll Call)

The scenario is all too familiar: House Republican leaders schedule a floor vote on a major legislative priority and exude confidence the bill will pass despite a chorus of rank-and-file concern. 

GOP leaders insist the tax overhaul they plan to vote on this week is different from the health care bill they had to pull from the floor this spring. But the reality is they are still wrangling the 218 votes needed to pass their tax measure. A possible repeat scenario of the health care debacle looms.

House Republicans Raise Red Flags Over Senate Tax Bill
Differences on estate tax, state and local tax deduction could cause issues

Rep. Scott Perry, R-Pa., has concerns about the Senate not repealing the estate tax and worries the House have to vote on the Senate version of the tax overhaul bill. (Photo By Bill Clark/CQ Roll Call file photo)

The tax overhaul bill the Senate released Thursday could create problems in negotiations with the House, given its divergence on key areas like the estate tax and the state and local tax deduction.

House conservatives are already firing warning shots that some aspects of the Senate bill are unacceptable, like a one-year delay in the corporate tax rate cut and preservation of the estate tax.

Capitol Ink | Tax Cut Turkey


House GOP Tax Bill Keeps 39.6% Rate for High Earners, Cuts Corporate Rate to 20%
Ways and Means Chairman Kevin Brady gathering feedback for changes to be made before Monday markup

House Ways and Means Chairman Kevin Brady, seen here during the September rollout of the GOP’s tax overhaul framework. (Bill Clark/CQ Roll Call file photo)

House Republicans’ long-awaited tax overhaul bill will keep the top individual rate at 39.6 percent for high-income earners and will immediately and permanently cut the corporate rate to 20 percent. 

The legislation seeks to revamp the tax code in a major way for the first time since 1986, incorporating long-sought goals of congressional Republicans to keep more money in the pockets of individuals and families and boost incentives for businesses by closing loopholes.

Capitol Ink | Nesting Doll


Capitol Ink | Tax or Treat


Ryan Appears to Give Up on Repealing SALT Deduction
‘We don’t anticipate a big deficit effect from this tax reform,’ speaker says

Speaker Paul D. Ryan, R-Wis., appears ready to give in on keeping part of the state and local tax deduction. (Tom Williams/CQ Roll Call)

Speaker Paul D. Ryan appears ready to let go of his wish to repeal the state and local tax deduction.

“I think there’s a way of addressing the concerns that members have,” the Wisconsin Republican said Wednesday at a Reuters Newsmakers event.

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Capitol Ink | Pressure Kick