White House, Republican leaders plan to reveal tax cut details in two weeks

Source: The Washington Post




By Kelsey Snell, Mike DeBonis and Damian Paletta September 13 at 12:27 PM

The White House and GOP leaders plan to reveal new details of their plan to cut corporate and individual taxes the week of Sept. 25, and they are imploring lawmakers to reach a budget agreement that could smooth its passage, a key lawmaker told his colleagues Wednesday morning.

House Ways and Means Committee Chairman Kevin Brady (R-Tex.) 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.

That was a nod to the GOP’s aborted fight to replace parts of the Affordable Care Act earlier this year, during which the House and Senate tried to pass competing health-care bills, splitting the party and culminating in the effort’s failure. They want a much different outcome in their tax overhaul effort. Brady told his colleagues that “the stakes are higher than ever that we deliver this year.”

Later in the morning, House Speaker Paul D. Ryan (R-Wis.) left open the possibility that the tax plan would cut government revenue — adding to the government’s budget deficit but potentially averting the need to make tough choices that could leave the legislation tangled in a political thicket.




Read more: https://www.washingtonpost.com/powerpost/white-house-republican-leaders-plan-to-reveal-tax-cut-details-in-two-weeks/2017/09/13/ff88c3b8-988d-11e7-87fc-c3f7ee4035c9_story.html