Republicans in House and Senate strike a deal on tax bill

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WASHINGTON, DC - MAY 16: U.S. President Donald Trump waits on the arrival of Turkish President Recep Tayyip Erdogan at the White House May 16, 2017 in Washington, DC. Trump and Erdogan met in the Oval Office to discuss a range of bilateral issues. (Photo by Win McNamee/Getty Images)

WASHINGTON — House and Senate Republicans have struck a tentative deal on a tax bill Wednesday, a major step in ensuring the GOP majority is on its way to deliver an overhaul of the US tax system by the holidays.

According to two GOP aides, Republicans struck a deal in principle that will meld together the House and Senate tax deals and put the parties on a path to vote as soon as next week. Aides say there are still smaller issues to work out, but Senate Republicans will discuss remaining issues at their conference-wide lunch Wednesday and see how their rank-and-file members react.

House Republicans also have a conference meeting scheduled Wednesday afternoon to discuss year-end spending and are likely to discuss taxes as well.

The deal comes after members have been working for more than a week to find a way to combine two very different tax bills.

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