DuvallWheeler, LLP

 

2017 – 08/02

Trump administration sets “aggressive” timeline for tax reform. White House Legislative Affairs Director Marc Short outlined the planned schedule for passing a tax reform law before year end, which he termed “aggressive.” The bill would be drafted under the reconciliation process, so it could pass in the Senate with a simple majority. Under the plan, a 2018 budget resolution would be agreed upon in September or October; a markup and hearings would take place after Labor Day; the House would pass the bill in October; and the Senate would pass it in November.