Republicans Want to Pass Tax Reform By Thanksgiving

It's been a bleak fall for Republicans in Congress, and they're clamoring for a victory: specifically, they want tax reform. After months of teasing what would be the first significant overhaul of the U.S. tax code in more than 30 years, Republican lawmakers finally introduced the bill, known as the Tax Cuts and Jobs Act, last Thursday.

Speaker of the House Paul Ryan asserts that it will pass in the lower chamber by Thanksgiving.