President Donald Trump delivered his opening pitch on tax reform in August 2017. Here's a timeline of tax reform progress.
Dec. 22, 2017: Trump signs the GOP tax bill into law.
Dec. 19, 2017: After reconciling the House and Senate bills and securing votes in both chambers of Congress, the House voted to pass the GOP tax reform bill, scoring a major victory for congressional Republicans.
Dec. 1, 2017: In the 11th hour of negotiating legislation on the Senate's version of the GOP rewrite of the nation's tax code, Sens. Ron Johnson and Steve Daines have jumped on board, leaving Republicans only one vote away from securing passage.
Nov. 2, 2017: The Tax Cuts and Jobs Act is released. It calls for permanently lowering the corporate tax rate to 20% and limiting the home interest deduction to loans up to $500,000. The bill would also increase the standard deduction for individuals and households, repeal the alternative minimum tax and increase the child tax credit to $1,600.
Oct. 24, 2017: President Trump went to Capitol Hill for a working lunch with senators, hoping to sway them in favor of his tax plan with the priority of passing a formal budget to clear the way for the plan.
Sept. 27, 2017: President Trump unveils the framework of his tax plan. The biggest changes double individual deductions and shrink tax rates from seven to three. The corporate tax rate would also drop from 35 to 20 percent.
August 2017: Democratic criticism of Trump's tax reform plans claims that it would disproportionately benefit the wealthiest Americans, as independent tax experts have estimated. Democratic National Committee Chairman Tom Perez said that Republican tax reform proposals "would overwhelmingly benefit the super-rich and corporations over hardworking Americans."
Aug. 31, 2017: The White House said Trump is expected to meet with congressional leaders to hammer out details of the tax code plan in early September.
Aug. 30, 2017: President Donald Trump delivered his opening pitch on tax reform, framing the effort in populist terms saying Republican plans to overhaul the tax code would be a boon for lower- and middle-class Americans.