Budget & Appropriations/Tax Policy – House Committee Expected to Release Tax Bill

Ways and Means Committee Chairman Kevin Brady (R-TX) announced that the Committee would release a draft of its tax bill on November 1. Markup of the legislation is scheduled to begin on November 6. Despite the announcement, there reportedly continues to be disagreement among Members of Congress on tax expenditures (credits, deductions, exclusions, and deferrals) that should be eliminated or reduced in order to offset the cost of cutting tax rates. The Arc will review the legislation to ensure that it is consistent with our shared principles for tax reform which include not cutting essential federal programs to help pay for tax cuts that primarily benefit wealthy individuals and corporations. See The Arc’s blog for more information.

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