WASHINGTON, D.C. – Today, House Ways and Means Chairman Kevin Brady (R-TX) released the following statement after releasing the amendment in the nature of a substitute to the Tax Cuts and Jobs Act (also known as the “Chairman’s Mark”).
“Today I have released the text of the Tax Cuts and Jobs Act that will be considered by the Ways and Means Committee on Monday. This substitute amendment contains technical changes and additional modifications to the introduced bill. It also makes a change to conform the bill with the budget instruction and removes a provision that would have possibly jeopardized privilege of the bill in the Senate.
“At the start of our markup on Monday, I will also offer an additional amendment making more substantive improvements to the bill.
“This is another important step on our path to pro-growth tax reform that will deliver more jobs, fairer taxes, and bigger paychecks for people across our country.”
CLICK HERE to see the Chairman’s Mark.
CLICK HERE to see the summary of changes reflected in the Chairman’s Mark prepared by the Joint Committee on Taxation.
CLICK HERE to read the Joint Committee on Taxation revenue table for the Chairman’s Mark.