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House and Senate differ on timetables for reform

The House and Senate versions of tax reform appear to be on two different paths right now. A day after saying he would speak with House leadership about his tax reform bill, House Ways and Means Committee Chairman Dave Camp (R-MI) told reporters that the legislation has no timetable. 

Rep. Camp says that the House is firmly behind comprehensive tax reform and the Ways and Means Committee will continue to refine the bill before a formal introduction. However, he couldn't say whether that would be this year or not.

Late Thursday, Bloomberg reported that Sen. Max Baucus (D-MT) will release "tax language" within two weeks. He said it won't actually be legislation but language. Tax lobbyists told Bloomberg they expect the language to "start with tax administration, international tax rules and possibly education-related tax policy." 

Credit unions are asked to continue to take part in the Don't Tax My Credit Union program.