And JPM's Edgerton said "using.....>

US TSYS/RESEARCH: And JPM's Edgerton said "using data from congress.gov on all

(tax) legislation since 1973, we find that the vast majority of bills that

passed both houses and made it to conference eventually did become law. And the

vast majority of those that did not were due to vetoes by the president. Of the

tax-related bills that made it through conference to the president, the median

time between passing both houses and reaching the president's desk was 48

calendar days, though 24% made it in 13 days or fewer. Thus history would

suggest that the tax bill is quite likely to become law, while getting a bill to

the president's desk next week looks ambitious but possible."

- Edgerton added "from 1973 to 2016, the data show that 12,815 bills passed both

houses of Congress, but in the vast majority of cases the two houses passed

identical bills (perhaps by one adopting the other's bill), so no conference

committee was needed. Of the 1,463 cases (or 11%) that saw some action by a

conference committee, 1,379 (94%) eventually made it to the president's desk,

where 123 bills were vetoed and 1,273 became law (vetoes can be overridden)."