Kevin Brady: House Tax Plan Will Not Boost Debt More Than $1.5T

The Republican-controlled U.S. House Ways and Means Committee will wrap up work on Thursday on major tax overhaul legislation, Chairman Kevin Brady said, which could bring the measure to a vote by the full House as early as next week.

Brady said that before the committee vote is held a change will be inserted into the bill to keep it in line with a requirement that the measure add no more than $1.5 trillion to the U.S. debt.