Ryan wants tax rewrite to be in place by end of this year

The Middletown Press (Middletown, CT) - - OPINION -

WASH­ING­TON » House Speaker Paul Ryan de­clined Wed­nes­day to say the evolv­ing Repub­li­can tax cut plan won’t add to the na­tion’s al­ready mam­moth bud­get deficits. A chief goal of the ef­fort will be to spark eco­nomic growth, he said in an AP News­maker in­ter­view.

Ryan, R-Wis., said the GOP’s goal is to en­act tax over­haul into law by the end of this year, not sim­ply push it through the heav­ily Repub­li­can House, “so that we start 2018 in a new tax sys­tem.”

Rewrit­ing the fed­eral tax code, in­clud­ing low­er­ing rates for cor­po­rate and per­sonal in­come taxes, is a chief goal of Pres­i­dent Don­ald Trump and con­gres­sional Repub­li­cans. So far, it has been a strug­gle, with dif­fer­ences emerg­ing within the party over which de­duc­tions might have to be eased or elim­i­nated.

The “Bet­ter Way” cam­paign man­i­festo Ryan re­leased last year stated that the GOP “en­vi­sions tax re­form that is rev­enue neu­tral.”

VOLKER BAR­TELS/DPA VIA AP

An up­set­ting kind of day: Winds, with gusts up to 44 mph, kick up waves and blow along the beach, top­pling wicker beach chairs and mak­ing walk­ing dif­fi­cult Wed­nes­day on the is­land of Norder­ney, in the North Sea, off the Ger­man coast.

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