The top congressional tax writers are now facing just the latest wrinkle in their efforts to rewrite the code: a budget conference.
Senate Finance Chairman Max Baucus (D-Mont.) and House Ways and Means Chairman Dave Camp (R-Mich.) both have said they plan to put pen to paper on tax reform plans within the next several months.
But in the meantime, a slew of budget conferees will be sitting down to try to reconcile the radically different House and Senate budgets by Dec. 13, as part of a deal struck to end the recent fiscal standstill.
And while Camp and Baucus put on happy faces this week and suggested they would be resources for the budget conferees, they also made clear the newest fiscal committee wouldn’t slow down their work on rewriting the code for the first time in more than a quarter century.