December 5, 2017
House Speaker Paul Ryan continues to celebrate the progress of Republican tax reform as the legislation reaches conference.
During a press conference Tuesday, Ryan praised the bill passed by the Senate early Saturday morning.
On Monday, the lower chamber voted to send the bill to committee, which will reconcile differences between the House and Senate versions.
Most analysts say the final version will most likely resemble the Senate’s, and have cited a 75 percent chance the bill will be signed by the president this year.
The House speaker outlined the bill’s legislative process and critiqued the current tax code.
“This tax code is pushing American businesses and American jobs overseas,” said Speaker Ryan. “It’s time we stop doing that…this is monumental reform and we’re doing it the right way.”
Ryan also discussed the looming government shutdown, saying Republicans will seek a short term extension to keep the government up and running.
The two week extension would give Democrats and Republicans time to negotiate spending issues.
On Thursday, leaders from both parties will meet with President Trump at the White House.