- The Second 180 Days « "Tax Reform" Timeline
"Tax Reform" Timeline
"We
are
working
to give the American people a giant tax cut for
Christmas. We are giving them a big beautiful Christmas present
in the form of a tremendous tax cut.”
- President Donald
J. Trump
Aug. 30 |
President Trump delivers
speech
launching the tax reform effort at Loren Cook Company in
Springfield, MO. |
Sept. 27 |
President Trump
announces
Unified
Framework
for
Fixing
Our
Broken
Tax
Code in speech at the Indiana
Farm Bureau Building in Indianapolis, IN. |
Oct. 26 |
House passes
budget
resolution by vote of 216 to 212. |
Nov. 2 |
House Ways and Means
Committee, chaired by Rep. Kevin Brady (R-TX), introduces
the "Tax Cuts and Jobs Act." |
Nov. 9 |
- After mark up (Nov. 6-9),
House Ways and Means Committee passes the bill
on
a
24-16
party
line
vote. - Senate Finance Committee, chaired by Sen. Orrin Hatch (R-UT), introduces its version of the "Tax Cuts and Jobs Act." |
Nov. 16 |
- House passes the bill on a vote of 227-205,
with no
Democrats voting for it and thirteen Republicans voting against it. - After mark up (Nov. 13-16), Senate Finance Committee passes its version, including a repeal of the Obamacare individual mandate, on a 14-12 party line vote. |
Nov. 28 |
Senate
Budget Committee approves the Senate version of the bill on 12-11 party
line vote. |
Dec. 2 |
Just before 2 a.m., Senate passes its
version of the bill on a vote of 51-49, with no Democrats voting
for it and
one Republican (Corker) voting against it. |
Dec. 11 |
U.S. Treasury releases "Analysis
of Growth and Revenue Estimates Based on the U.S. Senate Committee on
Finance Tax Reform Plan." |
Dec. 13 |
- House-Senate Conference
Committee meets. [photos] - President Trump delivers closing argument speech at the White House. |
Dec. 15 |
- House-Senate Conference Committee releases report.
|
Dec. 19 |
- House passes
the
Tax
Cuts
and Jobs Act by a vote of 227 to 203, with no
Democrats voting for it and twelve Republicans voting against it.
[photo] |
Dec. 20 |
- Senate passes the Tax Cuts and
Jobs Act by a vote of 51-48, all Republicans for and all Democrats
against. - Due to a procedural matter, House revote to approve the bill by a vote of 224 to 201. |
Dec. 22 |
-
President
Trump signs H.R. 1 into law. |
Narrative: In the House, members of the Ways and Means Committee led by Rep. Kevin Brady (R-TX) introduced the "Tax Cuts and Jobs Act," on Nov. 2 promising tax relief to "Americans across the country – especially low- and middle-income Americans" and to "businesses of all sizes" (+). The committee marked up the legislation from Nov. 6-9 and passed it on a 24-16 party line vote. Also on Nov. 9 Republicans on the Senate Finance Committee introduced their version of the "Tax Cuts and Jobs Act," noting the legislation "encompasses Republicans’ shared pro-growth, pro-middle-class vision, but offers different approaches on some policy provisions to achieve the unified goal (+)." Nov. 16 was a big day for the tax reform effort. The House passed the bill on a vote of 227-205, with no Democrats voting for it (+). Thirteen Republicans voted against the legislation, which would repeal the deduction for state and local income taxes. Also, the Senate Finance Committee finished an at times contentious four-day mark up session and passed its version, including a repeal of the Obamacare individual mandate, on a 14-12 party line vote (+). On Nov. 28 the Senate Budget Committee approved the bill on 12-11 party line vote. As the measure headed to the full Senate, it was still unclear if Republicans would be able to obtain enough votes, or if critics might manage to peel off the three Republican votes they needed. They did not. After more feverish tinkering with the bill on Dec. 2 just before 2 a.m. the Senate voted 51-49 to approve the legislation (+). All Democrats voted against it as did one Republican, Sen. Bob Corker (TN). On Dec. 11, the U.S. Treasury final issued an "analysis" of the proposal, which was widely ridiculed (+). The House-Senate conference committee met on Dec. 13 (+) and produced its report on Dec. 15 (+). On Dec. 19 the House passed the bill on a 227-203 vote, the Senate followed early the morning of Dec. 20 on a 51-48 vote, the House did a revote to address technical problems. President Trump signed the legislation into law on Dec. 22 (+).
U.S.
House Ways and Means
Committee, Nov. 1, 2017
"The Tax Cuts & Jobs Act changes the course of our nation.
Today is
the day we empower everyday American families..." - House
Republicans