Republican leaders aim to release more details next month about their tax reform plans, but they want some rank-and-file lawmakers to weigh in first to avoid a repeat of the Obamacare debacle.
House Speaker Paul Ryan touted Republicans’ tax reform plan Wednesday after touring an Intel facility in Oregon.
Businesses are apprehensive that lawmakers could downgrade many of the changes they’re hoping to see in tax reform to short-term tax cuts that won’t grow company profits in the long run.
President Donald Trump’s top aides and congressional leaders have made significant strides in shaping a tax overhaul, moving far beyond the six-paragraph framework pushed out in July that stoked fears about their ability to deliver on one of the GOP’s top priorities.
Large companies, looking for every angle to prod Congress into making the corporate-tax changes they have been seeking for years, are turning to some in-house muscle: employees and customers.
Before any hard battle, it’s common to seek a little spiritual guidance.
On the hallowed Republican grounds of the Reagan Ranch in Santa Barbara, Calif., House tax writers embraced a provision that would provide immediate relief to export-heavy businesses but whose high cost might prevent the deep corporate tax rate cuts they had initially promised.
The Republican tax reform plan could blow a hole in the nation’s deficit for several years, House Ways and Means Chairman Kevin Brady (R-Texas) said Wednesday.
The top tax law writer in the U.S. House of Representatives insisted on Tuesday that tax reform will happen this year, despite concerns among some experts that a tax code overhaul could drag into 2018, or even collapse altogether.
Washington is gearing up for a busy fall loaded with a number of fiscal issues, perhaps the most mammoth of which is comprehensive tax reform.