Don’T Omit Chance To Rewrite Tax Code, Paul Ryan Will Inform His Party

Without eliminating many prized deductions, it is impossible to lower tax rates substantially without adding to deficits.
Advertisement Continue reading the main story“We must think differently so that, once again, we make things here and export them around the world,” Mr. Ryan will say.
The calendar is also complicated, as Congress cannot begin to formally consider tax legislation until it finishes with health care and passes a 2018 budget resolution.
He will also make the case for permanent changes to the tax system, rather than just temporary tax cuts.
Because Republicans are planning to pass tax legislation without the help of Democrats, they are relying on the Senate’s budget reconciliation rules, which require only a simple majority, rather than 60 votes.

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