Tax reform before Christmas?

Published in the October 2017 issue of Washington Update

House Speaker Paul Ryan (R-WI) said he hopes to complete tax reform in November but will keep the House in session through Christmas if necessary.

The first step in overall reform is passage of a budget resolution. The House approved a fairly conservative resolution that would balance the budget within a decade and calls for $203 billion in mandatory spending cuts. The Senate is still working on their proposal which currently does not call for any mandatory spending cuts and allows for $1.5 trillion in new spending.

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