The U.S. House Ways and Means today began markup of the “Chairman’s mark” of H.R. 1, the “Tax Cut and Jobs Act.” This evening, Chairman Brady unveiled an updated document (a “Chairman’s modified mark”) that includes changes to the Chairman's mark. The committee approved the amendment by a party line vote of 24 to 16.
According to the summary, the provisions in the Chairman’s modified mark include the following amendments:
Other amendments may be approved by the Ways and Means Committee as the markup continues this week. For more information about what’s next, the legislative process, and H.R. 1 (including preliminary observations and analysis of the Chairman’s mark), read KPMG’s Initial Observations on Chairman Brady’s Mark [PDF 1.7 MB]
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