From left, House Ways and Means Chairman Kevin Brady, ranking member Richard E. Neal and California Rep. Mike Thompson attend a committee markup of House Republican tax bill on Thursday. (Tom Williams/CQ Roll Call)
The House Ways and Means Committee on Thursday approved the Republican tax plan after making key changes such as raising repatriation tax rates on corporate cash held abroad, restoring the adoption child credit and changing the bill’s treatment of “pass-through” businesses.
Committee members voted along party lines, 24-16, to approve the legislation setting up a likely House floor vote next week. The substantive changes Thursday came in a so-called manager’s amendment from Chairman Kevin Brady who unveiled the package less than an hour before the panel took it up, prompting an outcry from Democrats.