House Republicans aim to release tax reform legislation Nov. 1 after finalizing the budget on Thursday.
"That's the game plan," said House Ways and Means Committee Chairman Kevin Brady, the lawmaker writing the bill.
The bill's unveiling, though, is conditional on the House passing the version of the budget resolution cleared by the Senate last week. It won't happen until the fiscal 2018 budget is "signed, sealed and delivered," Brady said. The Texas Republican has also said he will announce a date for the committee to mark up the bill after the budget is passed, with an eye toward putting legislation on President Trump's desk this year.
House leaders say they will be able to pass the budget resolution this week.
"We're ... going to wrap up the budget process and unlock tax reform," House Republican Conference Chairwoman Cathy McMorris Rodgers of Washington said Tuesday morning. "We've been waiting a long time for this moment."
Yet some obstacles remain in the House. On Tuesday, Republicans from high-tax blue states threatened to block the budget over concerns that the ensuing tax reform legislation would hurt their constituents by repealing the deduction for state and local taxes.
The Ways and Means Committee was scheduled to meet Tuesday afternoon to talk about options for resolving concerns about the deduction. The broader conference also had a tax reform meeting scheduled.