Via Washington Times
House Republicans kick-started the next steps on tax reform Thursday, soliciting input from business executives on what they’d like to see in an overhaul, and warning against any delays in a “once-in-a-generation opportunity” to rewrite the code.
Speaker Paul D. Ryan said he’s confident tax reform will happen by the end of the year, brushing aside other Republicans’ suspicion that the lift is too big to fit into the next seven months.
Vice President Mike Pence, meanwhile, pledged that the “most consequential tax cut” in the country’s history will ultimately become law.
The plan will start in the House Ways and Means Committee, which is the chief tax-writing panel on Capitol Hill, and Chairman Kevin Brady set the parameters for his members Thursday.
“Now is the time to go bold. Now is the time to deliver real results for the American people,” the Texas Republican said as he kicked off the hearing.
Witnesses who testified on Thursday included John J. Stephens, senior executive vice president and chief financial officer for AT&T Inc., Douglas L. Peterson, president and CEO of S&P Global Inc., and Steven Rattner, who served on former President Barack Obama’s auto task force.