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 BradySmaller tax refunds put GOP on defensive Key author of GOP tax law joins Ernst and Young Lawmakers beat lobbyists at charity hockey game 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."

ADVERTISEMENT

The bill, which would make permanent certain tax breaks for research and development, is co-sponsored by Connecticut Democratic Rep. John Larson John Barry LarsonDems offer smaller step toward ‘Medicare for all' Lobbying world A bill to boost Social Security will finally get a full and fair hearing 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.