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GOP lawmaker: Bipartisan tax bill will move soon

A high-ranking House Republican is predicting swift consideration of a tax research and development bill.

Rep. Kevin BradyKevin BradyFroman: Too early to start trade talks with the UK Advisers: Trump's revised tax plan will resemble Ryan's Overnight Healthcare: Health mergers in trouble? | Norovirus in Cleveland | GOP chairman rejects Trump Medicare pricing plan MORE (R-Texas), a senior member of the Ways and Means Committee, tells The Hill that his bipartisan legislation should hit the House floor in the "next few weeks."

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The bill, which would make permanent certain tax breaks for research and development, is co-sponsored by Connecticut Democratic Rep. John Larson.

Brady believes the House will pass the bill, designed to increase the tax credit from 14 percent to 20 percent for research and development. But he is worried that politics could derail it in the Senate.

At press time, the House announced it would vote on the bill next week.

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