Still No Path Forward on Tax Bill

Playbook: “With the Roy Moore controversy continuing to rage, Republicans in Washington are looking to return to more comfortable territory this week — tax reform. After months of work, the House is expected to pass its overhaul of the tax code while the Senate Finance Committee is slated to pass their own version. The forward progress is welcomed by the White House and GOP operatives who believe passing a tax package before the midterm elections is even more essential to holding their majorities in Congress than it was just a week ago.”

“Nothing is over in Washington until it is over. There are still massive differences in the House and Senate bills and it’s unclear how Republicans will find a path forward on key issues like state and local tax deductions. So Republicans could find themselves one step forward, two steps back when it comes to final passage.”