Trump And Congress Attain Deal On Ideas Of Tax Overhaul

So far, however, Republican leaders remain committed to a deficit-neutral tax plan that would not reduce tax revenue.
Policy staff members for the House Ways and Means Committee and for the Senate Finance Committee are expected to work through August to write the tax legislation.
Republicans plan to heed the lessons from their health care legislation efforts and use a more conventional process to get a tax bill done.
Mr. Trump is expected to spend time next month barnstorming the country to make the case for the tax overhaul.
Despite nods to bipartisan action, Republicans are planning to use the Senate’s reconciliation process to pass a tax bill without Democrat votes.

Read more on: http://nytimes.com