House Speaker Ryan’s Optimistic about an Overhaul of the Tax Code
With control of Congress and the White House Republican leaders are pledging to move fast on an ambitious tax reform plan.
FOX’s Jared Halpern has more from Capitol Hill:
Not only is House Speaker Paul Ryan promising an overhaul of the tax code, he’s promising to get it done this calendar year:
(Ryan) “Now I know the cynics and naysayers they’re going to be out in full force. You will hear that tax reform is coming along one day. Then you’ll hear that tax reform is dead.”
The pitch contains ideas long-sought by Republicans, like lower corporate tax rates and consolidating individual tax rates from seven to three.
Still, there could be some Republican resistance to a border tax proposal and Democrats are previewing opposition to tax cuts benefiting wealthy Americans.
In Washington, Jared Halpern, FOX News.
