Important Differences Between the House and Senate Tax Reform Bills Heading into Conference

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Important Differences Between the House and Senate Tax Reform Bills Heading into Conference
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After the Senate's vote on the Tax Cuts and Jobs Act in the early hours of Saturday morning, Senate Majority Leader Mitch McConnell (R-KY) told reporters that while he was not predicting that the conference committee with the House would be "a piece of cake," he was confident that the chambers could reconcile their differences. He cited efforts to "pre-conference" the bill by adopting key House priorities. For instance: "We've moved our initial thinking on this in the direction of the House bill, for example the property tax deduction, in order to get the bills closer together than they were."

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