House Republicans released major tax legislation Thursday after long months of negotiations and a few short days of frantic reworking, beginning the GOP attempt to hurry a bill to President Trump’s desk by the end of the year.
The roughly 400-page bill, the Tax Cuts and Jobs Act, largely hews to the framework for lowering tax rates that Trump and Republicans laid out in September. For the first time, however, it will allow legislators, lobbyists, and taxpayers to see the ugly tradeoffs the GOP will be forced to make.
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