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| House Is Poised to Pass Tax Bill in Major Step Toward Overhaul | House Is Poised to Pass Tax Bill in Major Step Toward Overhaul |
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| WASHINGTON — The House is poised on Thursday to pass a sweeping rewrite of the tax code along party lines, advancing a critical effort by Republicans to enact legislation that cuts taxes for corporations and individuals before the year’s end. | WASHINGTON — The House is poised on Thursday to pass a sweeping rewrite of the tax code along party lines, advancing a critical effort by Republicans to enact legislation that cuts taxes for corporations and individuals before the year’s end. |
| The tax overhaul still faces significant obstacles, as Republicans must align the legislation that is expected to pass the House with a bill that is working its way through the Senate Finance Committee this week. The party is under pressure to get legislation to President Trump’s desk by Christmas, in part to show a significant legislative achievement from a Republican-controlled Congress during its first year in the majority. Lawmakers also want to push the legislation through quickly to avoid giving lobbyists and Democrats time to mobilize sufficient opposition. | The tax overhaul still faces significant obstacles, as Republicans must align the legislation that is expected to pass the House with a bill that is working its way through the Senate Finance Committee this week. The party is under pressure to get legislation to President Trump’s desk by Christmas, in part to show a significant legislative achievement from a Republican-controlled Congress during its first year in the majority. Lawmakers also want to push the legislation through quickly to avoid giving lobbyists and Democrats time to mobilize sufficient opposition. |
| The House tax bill, which passed in the Ways and Means Committee last week, would cut taxes more than $1.4 trillion over 10 years. It cuts the corporate tax rate to 20 percent from 35 percent, collapses the tax brackets to four from seven, switches the United States to an international tax system that is more in line with the rest of the world and scales back many popular deductions, including one for state and local taxes paid. | The House tax bill, which passed in the Ways and Means Committee last week, would cut taxes more than $1.4 trillion over 10 years. It cuts the corporate tax rate to 20 percent from 35 percent, collapses the tax brackets to four from seven, switches the United States to an international tax system that is more in line with the rest of the world and scales back many popular deductions, including one for state and local taxes paid. |
| The House bill appeared on track for passage on Thursday, despite some Republican opposition. If all House members vote and every Democrat opposes the bill, Republican leaders can afford to lose no more than 22 of their members for it to pass. | The House bill appeared on track for passage on Thursday, despite some Republican opposition. If all House members vote and every Democrat opposes the bill, Republican leaders can afford to lose no more than 22 of their members for it to pass. |
| The biggest threat comes from Republicans in high-tax states like New York and New Jersey, who have fought to preserve the deduction for state and local taxes. The bill allows the deduction of up to $10,000 in property taxes, but that provision has not been enough to win over a number of House Republicans. | The biggest threat comes from Republicans in high-tax states like New York and New Jersey, who have fought to preserve the deduction for state and local taxes. The bill allows the deduction of up to $10,000 in property taxes, but that provision has not been enough to win over a number of House Republicans. |
| At least five Republicans from New York and three from New Jersey have come out against the bill. Republican leaders could also lose votes from at least a few of their members from California, another high-tax state. | At least five Republicans from New York and three from New Jersey have come out against the bill. Republican leaders could also lose votes from at least a few of their members from California, another high-tax state. |
| Representative Kevin Brady, Republican of Texas and the chairman of the Ways and Means Committee, said this week that he was confident that Republicans had the votes to pass the bill. | Representative Kevin Brady, Republican of Texas and the chairman of the Ways and Means Committee, said this week that he was confident that Republicans had the votes to pass the bill. |
| The House is expected to begin floor debate at 9 a.m. on Thursday for about two hours. Mr. Trump is expected to make a visit to the Capitol to speak to the Republican conference around 11:30 a.m., according to a congressional aide. A vote is then expected to take place in the early afternoon. | The House is expected to begin floor debate at 9 a.m. on Thursday for about two hours. Mr. Trump is expected to make a visit to the Capitol to speak to the Republican conference around 11:30 a.m., according to a congressional aide. A vote is then expected to take place in the early afternoon. |
| Despite concerns about some of the measures in the House bill, big business groups are largely on board. | |
| “Enacting tax reform would unleash resources for businesses large and small to hire new workers, expand facilities and purchase new equipment,” Suzanne P. Clark, the senior executive vice president of the United States Chamber of Commerce, wrote in a letter to House members on Wednesday that urged their support of the bill. | “Enacting tax reform would unleash resources for businesses large and small to hire new workers, expand facilities and purchase new equipment,” Suzanne P. Clark, the senior executive vice president of the United States Chamber of Commerce, wrote in a letter to House members on Wednesday that urged their support of the bill. |
| As the House votes on Thursday, the Senate Finance Committee will hold another day of debate over its tax legislation, with a vote by the panel expected on Friday. If Republicans fall in line behind the bill, it could get a vote by the full Senate after Thanksgiving. | As the House votes on Thursday, the Senate Finance Committee will hold another day of debate over its tax legislation, with a vote by the panel expected on Friday. If Republicans fall in line behind the bill, it could get a vote by the full Senate after Thanksgiving. |