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 U.S. congressional tax committees and the Trump administration.
Speaker of the House Paul Ryan told reporters during an interview hosted by the Associated Press on Wednesday that he has "three certainties in life: Death, taxes, and attacks from Breitbart".
Ryan said the outline that's coming this month would reflect agreement among the tax-writing committees in the House and Senate, and the administration.
The White House says President Donald Trump's dinner with Republican and Democratic senators to talk taxes was "highly productive" and will "spur constructive discussion". "I don't understand why there are no details, especially since our leadership said we would have details on tax reform months ago".
The push to overhaul the tax code is a top priority for Trump and Republicans after their effort on health care failed.
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"Tax reform is one of those things that is a signature issue for us, we ran on it, we are well known for being passionate about it and we can use the procedurals so we can avoid the filibuster, so yes", Ryan said.
Time is growing short for legislative action on taxes in 2017, and the promise of a framework during the week of September 25 - a document that House Ways and Means Chairman Kevin Brady described as the "core elements of tax reform" - comes as President Donald Trump is focusing on trying to attract Democrats' support. Massive border security would have to be agreed to in exchange for consent.
The President is cutting deals with Democrats because he learned during the debt ceiling deal that Republicans complain, but they will mostly go along with whatever he agrees to.
Ryan said that removing the immigrants covered by the program is "not in our nation's interest".
"We opened the budget gate for that to happen", Brat said.
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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 previous year that they envisioned the plan being revenue neutral.
"The approval process for the biggest Tax Cut & Tax Reform package in the history of our country will soon begin", the president tweeted.
White House Budget director Mick Mulvaney said he thinks Democrats are interested in working together on a tax overhaul.
"We want to know what tax reform looks like. are you going to vote on it and then find out what's in it later?"
"I just don't pay attention to this stuff", he said.
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