Sens. Ted Cruz Rafael (Ted) Edward CruzVideo of Lindsey Graham arguing against nominating a Supreme Court justice in an election year goes viral Sunday shows preview: Justice Ginsburg dies, sparking partisan battle over vacancy before election Democrat on Graham video urging people to 'use my words against me': 'Done' MORE (R-Texas) and Bernie Sanders Bernie SandersNYT editorial board remembers Ginsburg: She 'will forever have two legacies' Two GOP governors urge Republicans to hold off on Supreme Court nominee Sanders knocks McConnell: He's going against Ginsburg's 'dying wishes' MORE (I-Vt.) are scheduled to go head-to-head in a televised town hall next week to debate whether President Trump's proposed tax reform plan will be good or bad for the country.

Cruz and Sanders, who both ran for president in 2016, argue how best to tackle the issue from largely the opposite sides of the political spectrum.

"Let's simplify the tax code. Let's let everyone fill out their taxes on a postcard. We spend about 9 billion hours a year wasting time with the IRS. The world would be much, much simpler if you and I and everyone else just filled out a post card," Cruz told CNN in a September interview.

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Trump and GOP lawmakers released a framework in late September that they say will provide tax relief for the middle class and make American businesses more competitive.

Sanders and Democrats have slammed the plan, with Sanders calling it "morally repugnant and bad economic policy" that would exacerbate income inequality.

The framework would largely cut taxes on businesses, slash the top tax rate for the wealthy and get rid of many itemized deductions.

The push to tackle tax reform comes at a time when the president is looking for his first significant legislative victory and as the GOP tries to brush off its failure to pass a health-care bill that repeals and replaces ObamaCare.

A top GOP lawmaker on the House Ways and Means Committee indicated Wednesday that he expects a tax-reform bill to be released not long after Congress adopts a budget resolution.

CNN's "The Lead" anchor Jake Tapper and chief political correspondent Dana Bash will moderate the event on Oct. 18., which will also include questions from voters across the U.S.