US Tax Reform: Timeline of US tax reform bill

With Republicans on the verge of passing sweeping tax reforms. let's look at how they got there.

In April, the White House outlined President Trump's plan, calling it the biggest tax cut in US history.

In September, the Trump administration released a framework for the proposal, with cuts for individual earners and big businesses.

The US Senate passed a budget blueprint for the next fiscal year in October.

Under budget guidelines, the tax proposal allows up to 1.5 trillion US dollars in deficits over the next decade.

Last month, Senate Republicans unveiled their tax reform plan, and the House of Representatives passed their own major tax reform legislation.

Talks are expected to begin next week on a compromise bill between the Senate and the House.

President Trump wants to sign a final tax bill before the end of the year, giving him and his Republicans their first major legislative achievement.