A bill intended to provide short-term funding for the Federal Aviation Administration (FAA) failed to get the necessary votes for passage yesterday.
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Last week, the House Ways and Means Committee passed four bills regarding the Internal Revenue Service (IRS) and this week, before hitting the floor, the Obama administration has come out in opposition to all four.
During a meeting today, President Donald Trump indicated his goal is to sign a tax reform bill before Christmas, a statement that increases the pressure on Congressional Republicans who have thus far found difficulty agreeing on what specific shape various aspects of a tax overhaul proposal should take.
President Donald Trump is scheduled to visit Capitol Hill today to meet with Republican lawmakers in a discussion with wide-ranging implications on legislative proposals, most notably on the shape of any forthcoming tax reform proposal.
POLITICO's Bernie Becker, author of Morning Tax, looks at how the U.S. tax structure compares to the rest of the world.