Paul Ryan Says Trump Tax Plan Inline with GOP

President Donald Trump and the Republican Congress tripped up in their first major legislative effort together, a failed bill to replace the Affordable Care Act.

House Speaker Paul Ryan aimed to show on Wednesday that the two branches will be unified on tax reform. Ryan said he does not think Trump is overstepping by releasing a tax proposal Wednesday, adding that Congress and the White House are working to reach consensus on a plan.

“Basically, [the White House plan] is along the same lines we want to go,” Ryan told reporters at a news conference with House GOP leaders.

Treasury Secretary Steven Mnuchin confirmed earlier Wednesday that the tax plan the Trump administration will outline Wednesday afternoon will call for a 15 percent corporate rate.

Earlier Wednesday, Reuters reported that Ryan saw a preview of the plan and said the House is in “80 percent agreement.”

Mnuchin said the White House wants a “combined plan” with the House and Senate, which could potentially clash with the administration over some provisions.

via CNBC

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