Politics GOP eyes tax framework for Sept. 25 release

18:56  13 september  2017
18:56  13 september  2017 Source:   The Hill

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Key Congressional Republicans and administration officials are planning to release a "consensus" tax-reform framework the week of Sept. 25, House Ways and Means Committee Chairman Kevin Brady (R-Texas) told his colleagues Wednesday.

Brady told reporters after a House GOP conference meeting that the framework will include the "core elements of tax reform."

Speaker Paul Ryan (R-Wis.) said during a press conference that the framework will be "the beginning of a very important process to achieve for the first time in a generation overhauling our tax system and giving middle class families a much deserved break."

Brady said during the meeting that once the tax framework comes out, the House and Senate will focus on passing a budget resolution by mid-October, according to a person in the room. Republicans need to approve a budget resolution if they want to be able to pass tax legislation through "reconciliation" so that a bill doesn't need votes from Democrats in the Senate.

After the budget process is complete, the House Ways and Means Committee will release a bill, and the legislation will be considered in committee before being considered on the floor.

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