Speaker Ryan Plans on Getting Tax Reform Bill Done, Even if Congress Stays Until Christmas
Congress could be staying until Christmas to get a tax reform bill done.
FOX’s Jared Halpern has more from Capitol Hill:
Republican leaders still plan to get a tax reform bill done by the end of the year. House Speaker Paul Ryan is even threatening to cancel holiday breaks:
(Ryan) “If that means we’ve got to stay here till Christmas to give them the relief they need and deserve, then tough, we will do that.”
Tax-writing committee members still have specifics to fill in on a framework that calls for lower corporate and individual tax rates, but eliminates some deductions, including the federal tax break for state and local taxes.
Democratic leader Nancy Pelosi warns:
(Pelosi) “Their constituents could see their tax exposure increased by thousands of dollars.”
Democrats say the GOP tax plan is designed to benefit the wealthy.
On Capitol Hill, Jared Halpern, FOX News.
