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 Patrick BradyPelosi blasts California Republicans for supporting tax bill Kudos to Rep. Brady for preserving investment incentives in tax bill Democrats, don't be complicit in GOP tax 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 John Barry LarsonLive coverage: Day three of the Ways and Means GOP tax bill markup Live coverage: Day two of the Ways and Means GOP tax bill markup Dems planning protest as GOP looks to punish sit-ins: report MORE.

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.