A Republican senator is building support to change budget rules in order to make temporary tax cuts last for two decades or more, but he has yet to convince a critical figure — House Speaker Paul Ryan.
House Speaker Paul Ryan renewed his push Tuesday for comprehensive tax reform. His speech highlighted why overhauling the tax code is critical but lacked much in the way of details.
“Taxpayers across America share Speaker Paul Ryan’s urgent call for comprehensive tax reform outlined in today’s speech to the National Association of Manufacturers. It would be a major blow to families, businesses of all sizes, our economy, if Congress fails to act,” Pete Sepp, President, National Taxpayers Union (NTU) stated.
Speaker Paul D. Ryan, hoping to revive his dream of rewriting the tax code, will insist in a speech on Tuesday that Republicans come together to avoid letting a “once in a generation” opportunity slip out of their hands.
Two main actors in the Republican tax reform debate vowed on Tuesday to complete an overhaul of the federal tax code in 2017, despite party infighting and political distractions from alleged Russian meddling in the 2016 election.
On behalf of the undersigned organizations and our millions of supporters, we urge you to swiftly pass comprehensive tax reform that overhauls the tax code for individuals, families, and businesses of all sizes.
The director of the White House’s National Economic Council will meet Wednesday with auto industry groups in Washington for a “listening session” on tax reform, the White House said Monday.
U.S. Treasury Secretary Steven Mnuchin had a secret discussion with former Federal Reserve Chairman Ben Bernanke — at least, it was secret until he revealed the meeting on social media.
The Trump administration and top Republicans in U.S. Congress are within a few weeks of agreeing on central aspects of a tax overhaul plan that will determine the contours of legislation now expected in September, an administration official told Reuters this week.
White House economic adviser Gary Cohn said on Wednesday he expected the U.S. Congress to get tax reform done this year, citing a productive meeting with Republican congressional leaders.