House Republicans reveal the details of their tax reform plan this week as GOP leaders mount an ambitious pre-Thanksgiving campaign to get tax bills through both chambers before the holiday.

 

The House Ways and Means Committee plans to release its proposal on Wednesday and move it through the panel the week of Nov. 6. The Senate GOP schedule is a week behind the House.

 

The House bill’s authors have been keeping tight wraps on key details of the tax reform plan that will be critical to agriculture, including new rules for pass-through businesses and the fate of the estate tax and Section 1031 property exchanges.

 

Ways and Means Chairman Kevin Brady, R-Texas, said the GOP plan would overhaul a “miserably uncompetitive tax code and reinvigorate America’s economy – so our local businesses can grow and create more jobs, our workers can finally get a pay raise, and our families can keep more of what they earn.”

 

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