Republicans Unveil Final Draft of Tax Bill

Congress is expected to vote on the final bill before Christmas

House Ways and Means Chairman Kevin Brady (R-TX) discusses progress on the tax reform bill with reporters at the U.S. Capitol in Washington, DC on December 15, 2017. Republicans are planning for the House and Senate to vote on the final version of the bill early next week. Win McNamee/Getty Images

After reconciling differences between the House and Senate bills, Republicans have reached an agreement on the final tax bill, moving one step closer to tax reform.

Republican leaders released some of the details of the final tax bill, the “Tax Cuts and Jobs Act,” late Friday afternoon. If both chambers pass the final bill, it will be the largest tax code overhaul since the Reagan years.