Tax reform and debt cap hike packaged together?

Politico gives an account of recent rumblings in the House Ways and Means Committee about possible legislation that raises the debt ceiling while giving incentive to pass a tax reform bill. Here's how it will work...

Legislation would authorize something like a three-month bump in the debt limit while simultaneously giving the same amount of time for the House to act on its tax-reform plan. When the House passes something, the debt limit would get lifted again, and when the Senate moves its own tax-reform product, Congress would authorize another bump in the debt ceiling. A larger increase in the borrowing limit could come if President Barack Obama signs the legislation, according to a source familiar with the thinking of the Ways and Means Committee. The plan would most likely be accompanied by a road map that lays out certain guidelines for Tax Code rewrite.