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Examining the Differences in Tax Reform Bills Before Going to Conference Committee

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The Tax Foundation has published an updated blog post that reviews in detail the important differences between the House and Senate Tax Reform Bills. Because of their differences, the bills will move to conference committee for reconciliation. The article quotes an optimistic Senate Majority Leader Mitch McConnell, who hints the early discussions have centered on adopting some of the key components found in the House bill. Obviously, getting both houses to agree on anything will be difficult with very little margin for error in the Senate.