Donald Trump is in desperate need of a win after a long year of one legislative failure after another. He has been relegated to using the tools of Barack Obama — a President he loves to loathe — in order to get things done. New regulations and executive orders have been the primary tools Trump has used to get things accomplished. Now, for the first time in over three decades the United States is about to see significant tax reform. Trump is about to have a major legislative accomplishment and needs this win.
Congressman Kevin Brady (R-TX), Chairman of the powerful House Ways and Means Committee, told USA Business Radio in a statement:
“This is a historic moment for the American people. For the first time in 31 years, the House and the Senate have now come together to deliver pro-growth tax reform that will help more Americans across our country keep more of their hard-earned money. This legislation will also grow our economy, make our companies of all sizes more competitive, and help prevent more American jobs from continuing to go overseas. I appreciate my colleagues’ hard work and look forward to voting on this bill in the House next week.”
This week the House Ways and Means Committee and Senate Finance Committee had a joint conference to work towards passage of this legislation. Here are the actual proceedings of this historic conference.