Republicans Close to a Unified Tax Reform Framework
Posted on Jul 21, 2017 in News
House Speaker Paul Ryan, addressing an audience at the New Balance shoe factory in Massachusetts, stated that White House and Congressional leaders are nearing agreement on a tax reform framework. Speaker Ryan suggested that lowering the current corporate tax rate of 35 percent to a 20 percent rate, through the closing of loopholes and special interest deductions, is a realistic goal. He did not mention the border adjustment tax as a means to pay for lower corporate tax rates, which may indicate that the House GOP is conceding the controversial proposal.
Ryan says us tax reform consensus nears, does not mention border tax