House Republicans have charted a course for expedited tax reforms next year in case they control Congress and the White House.
They introduced a bill Tuesday that would alter congressional rules to streamline the procedures for enacting tax reforms (see House GOP Offers Bill to Expedite Tax Reform Procedures). The bill, known as the Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012, includes expedited procedures to allow lawmakers in both the House and Senate to overcome multiple technical hurdles that often cause bills to languish during the legislative process. On Thursday, they laid out an approximate timetable for how they might implement sweeping tax reforms under the proposed legislation.
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