HILL TAX BRIEFING: GOP Tax Package Headed for Markup

House Republicans started the clock on the race to get to a tax deal with a plethora of new bills setting the GOP tax agenda.

Now, the wait is on for the Democrats’ counter-offer.

The Ways and Means GOP tax package included a swath of breaks for businesses, including expired provisions from the 2017 tax law, a change to the 1099-K tax reporting threshold, and repeal of some of the Inflation Reduction Act’s clean energy credits.

Tax talks will begin at a Tuesday markup on the bills. Ways and Means Democrats and Republicans are expected to spar over the provisions, ...