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