Ryan says Trump made right call on immigrants

Sep 15, 2017, 00:40
Ryan says Trump made right call on immigrants

An outline of the Republican tax reform plan will be released during the week beginning September 25, House Speaker Paul Ryan said Wednesday, reflecting the consensus of the two USA congressional tax committees and the Trump administration.

But legislators have not said what tax breaks they plan to eliminate to offset the revenue lost from steep tax rate cuts, which some economists have said could reduce government receipts by more than $5 trillion over 10 years.

House Ways and Means Committee Chairman Kevin Brady, R-Texas, told other House Republicans during a closed-door meeting that they needed to unify or the effort to cut taxes could fail, according to two people in the room. "Narrow tax cuts won't fix that".

"There is no agreement", Ryan told reporters when asked about the Republican president's discussions on Wednesday night with Senate Democratic Leader Chuck Schumer and top House Democrat Nancy Pelosi on the Deferred Action for Childhood Arrivals program.

"The problem is we have a 1986 tax system in the 21st century", Ryan said.

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The long list of difficulties has led some analysts to conclude that Congress is likelier to settle on straightforward tax cuts than on full-blown reform - if it passes anything at all.

"The President and the Chief of Staff called me from Air Force One today to discuss what was discussed, and it was a discussion, not an agreement or a negotiation". They also haven't agreed on what proportion of the changes should be temporary or permanent.

Ryan previously supported the so-called border adjustment tax to raise revenue to help pay for tax reform (the tax would have raised an estimated $1.2 trillion), and House Republicans said in the tax plan they released a year ago that they envisioned the plan being revenue neutral.

"Unfortunately the Republican tax principles we have seen so far have been largely vacuous, and I fear their updated framework to be released later this month will only be more of the same", Representative Richard Neal of MA, the top Democrat on the Ways and Means Committee, said in a statement.

White House Budget director Mick Mulvaney said he thinks Democrats are interested in working together on a tax overhaul.

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"I'm not going to mess with that", Ryan said. "We did a face plant on that exact logic", Brat said.

On Twitter Wednesday, Trump says: "The approval process for the biggest Tax Cut & Tax Reform package in the history of our country will soon begin".

Sen. John Thune, the No. 3 Senate Republican, said on MSNBC that Trump is making a bipartisan appeal and "realizes that doing things is better if you have bipartisan support".

"We intend to pursue a permanent tax reform plan that abides by the reconciliation rules", Strong said in an email.

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