“I’m here to tell you that tax reform will occur in 2017,” Brady said Tuesday at a conference sponsored by Bloomberg/BNA. One difference between the two chambers could be over how to address tax policy for multinational corporations. In the past, Hatch has favored a more traditional form of international tax reform that would tax companies only on the profits they earn in the United States and does not tax profits earned abroad. Analysts at the Tax Policy Center estimate that the House GOP plan would cost the federal government more than $3 trillion over 10 years. “True tax reform is hard,” Gleckman said.

Source: Washington Post November 17, 2016 11:03 UTC