Tax Reform Now House GOP's Top Priority After Healthcare Vote Canceled
House Republicans are going to “wade straight into” tax reform, as they are “turning the page” from their focus on healthcare, House Ways and Means Committee Chairman Kevin Brady of Texas said March 26 on Fox News (here). House Speaker…
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Paul Ryan on March 24 canceled a vote on the American Health Care Act because the legislation failed to secure enough votes to pass. “Let’s move ahead on tax reform,” Brady said. “I think it’s the number-one priority for both the president and Republicans, as well, in Congress. So let’s get onto the field that we’re the most comfortable on.” Although Brady acknowledged that the White House hasn’t signed on to the border adjustability elements of the House GOP’s tax plan, he pushed for upcoming tax legislation to be rolled out in a single piece, using the basic border adjustability elements as a basis. Instead of one bill each from Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn and the Senate, Brady said those groups should come together to develop one piece of legislation. “We are planning to move this in the Ways and Means Committee this spring,” Brady said.