Joint tax committee drops code summary

On the other side of the Rotunda, the Senate Finance Committee tweeted that the report showed that “momentum continues to build for comprehensive tax reform.”

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The summary of current tax law comprised the vast majority of JCT’s report, breaking down the current system into granular detail and largely avoiding recommendations.

JCT’s report takes a look at the tax reform proposal crafted by the Bowles-Simpson commission, the Bipartisan Policy Center and others from think tanks (the American Enterprise Institute and the Center for American Progress).

Plans from lawmakers – including one from Rep. Charles Rangel (D-N.Y.) and another from Sens. Ron WydenRonald (Ron) Lee WydenSenate Dems hold floor talk-a-thon against latest ObamaCare repeal bill Overnight Defense: Senate passes 0B defense bill | 3,000 US troops heading to Afghanistan | Two more Navy officials fired over ship collisions Finance to hold hearing on ObamaCare repeal bill MORE (D-Ore.) and Dan CoatsDaniel (Dan) Ray CoatsOvernight Cybersecurity: DHS bans agencies from using Kaspersky software | Panel calls Equifax CEO to testify | Facebook pulling ads from fake news Mueller investigation focusing on social media's role in 2016 election: report Intelligence director criticizes former officials for speaking out against Trump MORE (R-Ind.) – also got a look from the joint committee.

Ways and Means is scheduled to meet this week to discuss both JCT’s findings and the working groups.