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Trump’s Team Discussing Tax Overhaul With House, Rep. Brady Says

Sweeping bill would cut tax rates for businesses, individuals.

By Lynnley Browning, Bloomberg | Updated on November 16, 2016

House Republicans are talking with President-elect Donald Trump’s transition team about how to fashion the biggest U.S. tax overhaul in three decades, the chairman of the House Ways and Means Committee says.

“We’re talking to the Trump team about timing” for producing written legislation that would slash tax rates on businesses and individuals and remake the U.S. tax code next year, said Kevin Brady, the Texas Republican who chairs the House’s tax-writing panel. “We’re writing provisions of the bill as we speak.”

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