trending Market Intelligence /marketintelligence/en/news-insights/trending/yIOaam4bIm9Yfgawdob--w2 content esgSubNav
In This List

Tax conference committee sets public session

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Spotlight on sustainability How banks can overcome the challenges of achieving Net zero by 2050

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


Tax conference committee sets public session

The conference committee tasked with merging the House and Senate versions of the Tax Cuts and Jobs Act will meet Dec. 13, Ways and Means Committee Chairman Kevin Brady announced.

"Our open meeting will be an opportunity for the conferees to discuss our best, most pro-growth tax reform ideas that will help improve the lives of all Americans," Brady said in a statement. "We are committed to delivering the Tax Cuts and Jobs Act to the President's desk this year and fulfilling our promise to people across our country."

The House and Senate versions of the tax bill differ in how rate brackets are structured and the treatment of state and local tax deductions, a provision that cost House Republicans a handful of votes from members of their own party who represent districts in high-tax states. The Senate bill also repeals the Affordable Care Act's individual mandate, a provision that is not included in the House proposal.

House members of the conference committee include several Ways and Means members from both parties, while Republican and Democratic Finance Committee members number among the Senate appointees. The bill produced by the conference committee will require approval of the House and Senate before being delivered to President Donald Trump's desk for his signature.