It’s all about tax reform in Congress. This week, the House will be working on the National Defense Authorization Act (NDAA) and advancing the Tax Cuts and Jobs Act, which will go before the House Rules Committee on Wednesday. This will be the last opportunity for changes on the House side prior to a potential conference with the Senate package, making this important as the Senate works on their own version. The House is also expected to consider the 21st Century Flood Reform Acton the floor this week.

On the Senate side, the Finance Committee will begin marking up the Senate version of the Tax Cuts and Jobs Act, which should offer some insight into how quickly the Senate will be moving on the tax reform package. It’s worth noting the Senate bill

preserves the medical deduction that the House package eliminated. We will continue monitoring the status of this deduction as it heads through committee.