Tax Reform Plan Not to Be Released Until After Senate Hearings
Senate Finance Committee Chairman Orrin Hatch, a member of the “Big Six” group of tax reform policymakers, stated that the Trump tax reform plan will not be released until after the Senate holds tax reform hearings, one of which is slated for this Thursday, September 14. As a result, the unveiling of the tax reform blueprint will likely not occur until the end of September, at the earliest. Lobbyists report that the Big Six are still undecided on basic elements of the tax reform plan, including whether or not it will add to the federal deficit, which has diminished hopes of passing tax reform in 2017 and has impeded efforts to pass a budget resolution including reconciliation instructions, a prerequisite for passing tax reform legislation in the Senate by simple majority.
‘Big Six’ Member Says Tax Reform Blueprint to Follow Senate Hearings