he House is ready to pass tax reform. However, the bill has major difference from the Senate plan.
Senate Republicans released their own tax bill…that has many differences from the House's measure.
The Senate bill fully repeals the state and local tax deduction. That would be unacceptable to many House Republicans from blue states, including some who appear likely to vote for the House bill.
And some aspects of the Senate bill may not be well received from conservatives in the House. The Senate measure fails to repeal the estate tax and delays until 2019 cutting the corporate tax rate from 35 percent to 20 percent. The House bill slashes the corporate rate more immediately.
"To me, that is the biggest conflict between the House version and the Senate version," [Rep. Mark Walker (R-N.C.), chairman of the conservative Republican Study Committee] said in the interview. The Hill
The political leadership is motivated by recent election losses to pass a major piece of legislation demonstrating an ability to fulfill campaign promises. With the fear of voter retaliation in the 2018 midterm elections, GOP leaders are eager to act. Therefore, the push to pass tax reform is of paramount importance. The major blockade to passage by both the Senate and House, is the difference between what the House may pass and what the Senate is considering. The difference will require a lot of compromise within the GOP itself.
Keeping the deadline of passing legislation by the end of the year is a tough task. Moreover, passing major reform to quickly fulfill a campaign promise means passing a bill that is far from perfect, so politicians can proclaim:
“Look we did it, a campaign promise fulfilled."
This proclamation, of course, comes at the expense of those who are not a part of the Washington political elite…the American voter.