Speed Reads

GOP tax plan

House Republicans to unveil their tax proposal Thursday after one-day delay

House Ways and Means Committee Chairman Kevin Brady (R-Texas) said Republicans will "definitely" release their tax bill on Thursday, "no question," after postponing its release to wrangle with other Republicans over issues like whether to scrap deductions for state and local taxes. A last-minute tweak they made to the bill left them hundreds of billions of dollars short, Politico reports, and they had to find revenue elsewhere in the bill to make up for that, and President Trump suggested on Twitter that the bill try to dismantle the individual mandate in the Affordable Care Act. Republicans are also reportedly arguing over what to call the bill, with Trump pushing for "The Cut Cut Cut Act." Tax cuts are the GOP's No. 1 legislative priority, and the White House warned Brady that the bill has to be released before Trump leaves for Asia on Friday.