House Ways and Means Committee Chair Kevin Brady, R-Texas, plans to release full legislative text of a tax reform bill in October, and hopes that his committee can mark up and pass the bill before Thanksgiving, two tax lobbyists said September 21.
A spokesperson for Brady declined to comment on that timeline, saying in an email that Brady “has not announced an exact timeline for when the bill will be introduced and considered at our committee.”
Separately, the spokesperson confirmed that Ways and Means Republicans will hold a tax policy retreat September 24 to 25. A House GOP aide told Tax Analysts the lawmakers will also discuss the newest developments concerning the budget, tax reform, and the latest GOP healthcare reform effort.
And September 27 will see an off-site retreat on tax reform for the House Republican Conference, spokesman Nate Hodson confirmed. As the conference pursues tax reform, “we want to make sure members have ample opportunity to talk through our framework, ask questions, and offer feedback,” he said.
The “Big Six” tax reform negotiators — comprising Brady; House Speaker Paul D. Ryan, R-Wis.; Senate Majority Leader Mitch McConnell, R-Ky.; Senate Finance Committee Chair Orrin G. Hatch, R-Utah; Treasury Secretary Steven Mnuchin; and National Economic Council Director Gary Cohn — have said they will release a unified framework the week of September 25.
However, that document is expected to contain little detail, with close observers saying the group has found limited consensus — a concern repeated by one of the two tax lobbyists speaking with Tax Analysts.
That lobbyist said Brady’s stated goal for advancing tax reform seems increasingly shaky, as the Big Six struggle to agree on basic tax reform elements such as statutory rates. This raises the possibility that they may delay release of a joint framework until October, the lobbyist said.
Asha Glover, Dylan F. Moroses, and David van den Berg contributed to this article.
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