House Republicans pledge tax reform by the end of 2017

House Republicans pledge tax reform by the end of 2017
Republican Party leaders have doubled down on their promise of tax reform even after the Senate’s failure to pass even a scaled-down ObamaCare repeal bill.

The pledge is crucial after their failure to repeal ObamaCare because the Republicans need some legislative success when they contest the 2018 mid-term elections.

It means they will be vigorously selling tax reform over the August recess.

House Speaker Paul Ryan and Kevin Brady, chairman of the House Ways and Means Committee, made that commitment in separate interviews on Fox News Channel’s “Sunday Morning Futures.”

“I feel much more confident that we’re going to stick the landing on tax reform,’’ Ryan said.

Both rejected White House chief strategist Steve Bannon’s suggestion of paying for middle-class tax cuts with a new top rate of 44 percent for Americans who make more than $5 million a year.

“I don’t intend on introducing a 44 percent tax rate in the Ways and Means Committee,’’ Brady said. “We’re going for growth, which means lower rates at every level.”

Brady has been providing lawmakers with materials for tax cuts including a calendar for August with 31 reasons for tax reform, and a pocket card that discusses how tax reform will benefit people.

“We’re just going straight ahead…despite the setback, the letdown on healthcare — I think people are awfully excited about being able to unify behind this in August and through the fall,” Brady told reporters on Friday.


Business First is a peer-to-peer magazine: written by CEOs and other high level executives, with interviews with some of the country’s best leaders.

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