House Tax, IRS Package Released to Resolve Issues Before Dems Take Control

House Ways and Means Committee Chairman Kevin Brady, R-Texas, reportedly released a tax and IRS package Monday night to resolve a host of issues while Republicans still control both chambers of Congress.

According to The Hill, the 297-page tax and IRS package includes provisions to renew expired tax provisions, make technical fixes to last year's tax cut law, provide incentives for retirement savings, provide tax relief for disaster victims and make improvements to the IRS. 

The House Rules Committee is scheduled to hold a meeting on the legislation Wednesday, with a likely vote on the House floor later in the week.

In a statement, Brady said provisions in the bill have bipartisan support. The package would need 60 votes to pass the Senate, The Hill noted.

“This broad, bipartisan package builds on the economic successes we continue to see throughout our country," Brady said in the statement, The Hill reported. "The policy proposals in this package have support of Republicans and Democrats in both chambers. I look forward to swift action in the House to send these measures to the Senate.”

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