A House Ways and Means Committee aide said Republicans may release a draft tax-revision measure in December or January, signaling that Chairman Dave Camp’s delay in producing a bill could be temporary.
The head of the Congressional Budget Office gave a bipartisan conference committee three choices for cutting the U.S. deficit: increase taxes, make deep cuts in entitlement spending or cut other programs.
Representative Dave Camp, the top Republican tax writer in Congress, emerged from a meeting with party leaders today without a firm timeline for action after working for almost three years on revisions to the tax code.
Republican Senator Rob Portman doesn’t have a committee chairmanship or a leadership post. One asset he wields in the politically divided capital is a direct line to a prominent Democrat: Treasury Secretary Jacob J. Lew.