Lawmakers work to reconcile dueling House, Senate tax bills

(Photo Source: Martin Falbisoner / CC BY-SA 3.0 / MGN)
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WASHINGTON (AP) - Significant differences separate the massive tax packages passed by the House and Senate on estate taxes, health care and a prized deduction for home mortgage interest.

But Republican leaders are confident none is insurmountable.

Republicans are trying to pass the biggest rewrite of the tax system in more than 30 years.

Senate GOP leader Mitch McConnell says "we're looking forward to getting a final bill to the president's desk, soon."

Both versions would cut taxes by about $1.5 trillion over the next decade while adding billions to the deficit. But they take different approaches.

And it will be up to lawmakers to try to reconcile differences in the competing versions.

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