Tax reform is coming in September, regardless of what happens with health care, says Gary Cohn, director of the National Economic Council.
White House economic adviser Gary Cohn said Wednesday that the “toughest issues” on tax reform that policymakers are dealing with relate to “pass-through” businesses whose income is taxed through the individual income tax code.
Rep. Kevin Brady (R-Texas) of the Ways and Means Committee said Wednesday Republicans are “still on track” to deliver major tax reform this year, despite Senate Majority Leader Mitch McConnell’s (R-Ky.) announcement Tuesday to delay the vote on the Senate’s health care bill until after the July 4th recess.
House Ways and Means Committee Chairman Kevin Brady (R-Texas) said Monday that the panel will hold two more tax-reform hearings in July.
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.