Trump Pushes for Aggressive Timeline for Ambitious Tax Plan

(Business Insider) President Donald Trump on Tuesday demanded an aggressive timeline for the coming Republican bill to overhaul the US tax code.


Donald Trump/Photo by Michael Vadon (CC)

Speaking at a meeting of business lobby leaders at the White House, Trump said he wants the House to pass a bill by Thanksgiving and final approval by the end of the year.

“I want the House to pass by Thanksgiving, I want to see people standing by my side when we get ready to sign by Christmas, hopefully before Christmas,” Trump said.

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The timeline is similar to one being pushed by Rep. Kevin Brady, the chair of the House ways and Means Committee and chief author of the House version of the tax reform legislation.

Brady plans to debut the bill on Wednesday, the first time that full details will be public. A markup of the bill is scheduled for Monday and Brady wants to get the bill passed before the week-long Thanksgiving recess begins on November 17.

From there, the bill would need to be considered by the Senate Finance Committee, debated by the full Senate, and passed. If there are any differences between the House and Senate bills, either the House would have to pass the Senate plan or the two would need to iron out their differences in a conference committee….

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