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House Speaker Paul Ryan
- House Republican leaders are delaying the rollout of their massive tax reform bill until Thursday.
- The bill was originally scheduled for release on Wednesday, but tax writers still have not made decisions on key issues.
- This is the first substantive delay for the GOP, which is pushing an aggressive timeline to pass legislation.
House GOP leaders are pushing back the release of their massive tax reform bill until Thursday due to unresolved decisions on key issues, multiple reports said Tuesday.
Rep. Kevin Brady, the chair of the House Ways and Means Committee and chief tax writer, planned to roll out the bill on Wednesday in order to try and get the bill passed through the House before the week-long Thanksgiving break.
According to the reports, GOP tax writers are still trying to hash out various details in the plan, including possible changes to 401(k) retirement accounts and the income level at which the top marginal tax rate will kick in.
This would be the first substantial delay for Republican leaders, who are trying to get the tax bill to President Donald Trump's desk by Christmas.
It should not seriously throw the bill's timeline off track, as a markup of the bill in the Ways and Means Committee is still scheduled for Monday.
A representative for Brady didn't immediately respond to a request for comment.