To amend the IRC your bill, what legislative process do you have to go through?

• All revenue acts must Introduced in House. They cannot start in the Senate. So you will introduce your bill on the House floor. It will be immediately referred to the House Ways and Means Committee (House W&M C). The chair of the House W&M C is very powerful. If the chair does not like your bill, it will never leave the committee. Let’s say the chair likes the bill but want deductions for medical and home interest. Other members of the committee also make changes to your bill. Once the bill is how the committee wants it, the bill returns to the House floor for a vote. The House representatives can only vote yes or no.
• Assuming that the House passes the bill, it is introduced on the Senate floor and immediately referred to the Senate Finance Committee (Senate FC). The chair of this committee is also very powerful and the same process of changing your bill to what the committee wants occurs. The bill returns to the Senate floor for a vote. Before voting, the Senators can also make changes to the bill from the floor so the bill passed by the Senate is different than the one passed by the House and very different from your original bill!
• Since the bill passed by the Senate is different than the bill passed by the House, the bills need to be reconciled, thus, both versions of bills are sent to Joint Conference Committee, which is made up of 5 members of the House W&M C and 5 members of the Senate FC. The members on the committee are selected by the chairs of the W&M and the FC. So again these chairs have a lot of power. They are likely to pick members of their committees that agree with them. This Joint Committee develop a Compromise Bill that is sent back to the House & Senate for a vote
• Assuming that you bill passes that vote, it will be sent to the President to Sign. It is very rare that the President would veto a tax bill. After the President signs the bill, it becomes Law and Amends the IRC of 1986.