NPR

Tax Bill Delayed As GOP Divisions On Eliminating Tax Breaks Persist

A House GOP bill to rewrite the tax code was going to be released on Wednesday, and is now expected on Thursday. The hold up could threaten plans to get it signed into law by year's end.
House Speaker Paul Ryan, R-Wisc., announces the outlines of a GOP overhaul of the tax code in September. The full bill's release is being delayed to Thursday. / J. Scott Applewhite / Shutterstock.com

House Republicans announced late Tuesday that they would delay by one day the release of their long-awaited tax cut bill that GOP leaders have promised will be the most extensive overhaul of the tax code in a generation, as members clashed over curtailing popular tax breaks to pay for trillions of dollars in tax cuts for individuals and corporations.

The bill was supposed to be unveiled on Wednesday, but House Ways and Means Committee Chairman Kevin Brady, R-Texas, announced in a

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