Senate Will Not Release Bill Until House Finishes Markup
The House Ways and Means Committee continues the markup process that began on Monday. No new amendments were agreed to in yesterday’s markup session but the state and local tax deduction and pass-through entities remain key issues in the debate concerning the legislation. The House’s negotiation process has important implications for the Senate timeline as the Senate bill will not be released on Thursday as originally indicated by Majority Leader Mitch McConnell. Instead, the Senate will release its version of the tax reform legislation after the House committee has finished its markup.
Read more: Republicans still working through sticking points on tax bill; Senate won’t release tax bill tomorrow