The tax bill on the cusp of being passed by Congress is not the grand simplification of the code that Republicans promised when they set out to eliminate tax breaks and cut the number of tax brackets.
The House tax overhaul raises taxes on high-income earners who make their money through labor, but delivers a huge tax cut to passive business owners.
Lobbyists searched for clues and Republican leaders pitched a tax bill that is due on Wednesday.
Top officials acknowledged this weekend that a tax cut for everyone in the middle class may not be achievable.
The chairman of the House Ways and Means Committee plans an ambitious timeline to overhaul the tax code, with a first look coming the week of Sept. 25.
The chairman of the House Ways and Means Committee said Congress must fund subsidies to insurance companies that offset out-of-pocket spending by poorer customers.