House, Senate Tax Plans Face Reconciliation Battle

The video discusses the significant differences between the Senate and House on tax reform, focusing on corporate tax cuts and top tax rates. The Senate proposes delaying the corporate tax cut to 2019, while the House and White House support a 2018 implementation. There are also disagreements on the top tax rate and individual tax brackets. Both plans face criticism for potentially increasing the deficit by $1.5 trillion over ten years, with concerns about economic growth assumptions. The video highlights the challenges in reconciling these differences and passing the reform.

What challenges do the lawmakers face in reconciling their tax reform plans?

What concerns do moderate Democrats and Republicans have regarding the tax reform proposals?