Article snippet: From the day he declared his intention to overhaul the tax code to the signing ceremony in the Oval Office, President Ronald Reagan’s comprehensive tax reform efforts took almost three years, replete with laborious congressional hearings, marathon backroom negotiations and several premature declarations of the bill’s demise. In a prime-time address to the nation on taxes in May 1985, Reagan said he was calling it “America’s tax plan because it will reduce tax burdens on the working people of this country, close loopholes that benefit a privileged few, simplify a code so complex even Albert Einstein reportedly needed help on his 1040 Form, and lead us into a future of greater growth and opportunity for all.” With aspirations as lofty as Reagan’s, President Donald Trump wants complete the same process in less than three months, starting with a House bill going from creation to passage in less than three weeks. “I want to get it by the end of the year but I’d be very disappointed if it took that long,” Trump said in a recent interview. The House and Senate tax-writing committees insist they will meet that deadline, noting that lawmakers, staffers and White House officials have been meeting together for months. Republicans cleared a major legislative hurdle Thursday when the House narrowly passed a nonbinding budget resolution that allows the Senate to consider the tax bill under a 51-vote threshold rather than a 60-vote one. House leaders s... Link to the full article to read more