Homepage / Asia / Paul Ryan tries to save 'crown jewel' of GOP agenda: Tax reform
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Enjoy the greatest adult fuckbook experience now Mature bbw lesbians – find love utilizing the right partner เว็บพนัน ออนไลน์ จับกลางกรุง! บุกทลายฐานเว็บพนันชาวไต้หวันรายใหญ่ เงินหมุนเวียน 500 ล้าน ปี Panduan Lengkap Bermain Slot Online: Strategi & Tips Terbaik Deneme Bonusu ile Ücretsiz Oyun Oynayın Boy Names: Top 1,000 Baby Boy Names in the U S. for 2024 List of most popular given names Wikipedia Mobile Gaming in the UK: Trends, Regulations, and Future Leads Start dating hot moms today – it’s easier than you think Define generative ai 14 Define generative ai 14 How to find the right online gay dating website for you Home Superclones watches Exploring Super Clone Watches: Quality, Accuracy, and Affordability Join the most effective bbw milf dating site today En İyi Bahis Siteleri İçin Seçim Yaparken Nelere Dikkat Edilmeli? At this point, and yet very near | Life and magnificence | Trusted Casino Hellspin Review Leading Online Casino Hellspin Evaluation Mostbet App: Download Mostbet apk for Android & iOS 2024 Ігрові Автомати з Виводом Грошей на Карту ️ Онлайн Ігри на Гривні в Українікращі азартні ігри на гроші з виводом на карту2024-01-08 Taya365 online casino login Tips for conference and dating other bisexual men How to get the right bi partner Exploring the Prospering World of Online Casinos in the UK Meet hot singles and luxuriate in flirty chatting Bahis Siteleri: En İyi Bonuslar ve Promosyonlar Situs Slot Hari Ini Terbaik dan Terpercaya Tahun Ini, Gampang Menang Güvenilir Bonus Veren Siteler ve Detaylı İncelemeler Güncel Giriş, Güvenilir Adres VOX Casino: VOXCasino Promo Code 2025 Get to learn other old gay men inside area Slot Min Depo 10K Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Scatter Hitam Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Top 10 Online Casinos in Deutschland Januar 2025 Get ready to unleash your wildest fantasies Ücretsiz Oyun Deneyimi: Deneme Bonuslarıyla Risk Almadan Kazan Bonuslarla Bahis Keyfini Katlamanın Yöntemleri 2025’te Bahis Oynayarak Kazanç Sağlamanın Yolları Freespin Veren Casino Siteleri ile Daha Fazla Eğlenin Casino Sitelerinde En İyi Bonuslar Nerede? The Ultimate Guide to Free Spins BC.Game Mirror – Discover All Current Mirrors Find regional women seeking intimate encounters Elitecasino’a Katýlým saðlayarak, Hýzla 800 TL Bonus Ýmkaný Kazanýn! Baccarat Tips: Exactly How to Enhance Your Game and Boost Your Chances of Winning Find your perfect gay sex dating site Exploring 7slots in Turkey: A Comprehensive Overview Şartsız Deneme Bonusu Veren Sitelerin Listesi The Power of Tarot Online Free Finest Gambling Enterprises that Approve Bitcoin: The Future of Online Betting MostBet: Kumarhane Eðlencesiyle Dolu Eðlencenin Tadýný Çýkarmak MostBet: Kumarhane Oyunlarýyla Zengin Yeni Nesil Eðlence Deneyimi Understanding Clairvoyant Readings: A Comprehensive Overview Online Online Casinos That Accept PayPal: A Convenient and Secure Payment Choice Сайт казино Pin Up Tips for conference and connecting with seniors whom are interested in dating Spin Casino Review 2025 » Free Spins & Bonus Codes Trusted Casino Games For All Players Best Gay Hookup Websites | FreeHookupsSites The Ultimate Guide to Psychic Analysis Enjoy exciting and safe online dating experiences Relax Your Mind: the way to get the Inside Voices through your Head Find love regarding most readily useful mature dating site usa The Power of Clairvoyant Analyses Uncover the Advantages of Playing at Masalbet Casino Virtual Casino Fairgo Review Wireclub: Program For Internet Dating | Assessment 2023 Discover the many benefits of dating a korean girl and luxuriate in enduring love How discover a couple for woman that fits your needs anabolizantes legales 33 SpinBetter Freispiele⁚ Ein detaillierter Überblick (Stand⁚ 26.01.2025) Стиль и Защита: Чехлы на Телефон и Планшет от Womux com NikaDate.com 2025: Trick Insights Before You Sign up with Elderly Sizzle: Come Across Great Hookups Over 40? | 1win APP: Descargar, Juegos, Casino, APK Chile cl 1win Punjab FC create history with historic 2-1 win against Everton FC SofiaDate Evaluation 2025: Is This Website Worth The Buzz And Cash? bets10’in Kazançlý Slot Oyunlarý Nv Casino: Przewodnik po Świecie Gier Hazardowych Casino Wazamba Online Summary Discover the best local hookup internet sites for meeting wives Leading Gay Dating Apps: My Personal Collection test Télécharger 1win Sénégal apk 1win Sénégal inscription anabolizantes comprar online 9 popochka Hesap Açma Promosyonu Veren Siteler Xslot Kumar ve Güven Merkezi Get the absolute most out of your ebony bbw site source ¿Newest Home loan Re-finance Prices Leading Online Casino Rocketplay Evaluation Find the right partner on nymphomaniac dating website what exactly are local sex websites and exactly how can they assist you to? casino 643 Online Casino 7slots Grandpashabet 2217 Güncel Giriş Adresi Grandpashabet2217 com 5804 grandpashabet güncel Trezor Suite Official Desktop && Web Crypto Ledger Live App: Buy, Sell, Stake and Swap Crypto

Asia

Paul Ryan tries to save 'crown jewel' of GOP agenda: Tax reform

House Speaker Paul Ryan is warning against watering down the sweeping overhaul of the nation’s tax code he laid out a year ago and calling on Washington to enact permanent reforms this year.

Tuesday’s speech is intended to mark the start of Ryan’s concerted campaign for what an aide called the “crown jewel” of the GOP agenda amid the turmoil engulfing the White House and growing skepticism of lawmakers’ ability to reach consensus on the details of a plan.

The speaker, often deemed a policy wonk, did not delve into the weeds or defend the controversial border adjustment tax. Instead, he focused on framing reform as the key to bolstering economic growth and restoring confidence among households and businesses.

“I am here to tell you: We are going to get this done in 2017,” Ryan said. “You know why we’re going to get this done in 2017? Because we have to get this done in 2017. … Transformational tax reform can be done, and we are moving ahead. Full speed ahead.”

Ryan delivered his remarks in Washington at a conference held by the National Association of Manufacturers. Among the principles he outlined: permanent rather than temporary changes and comprehensive reform for individuals and businesses.

He also pushed for adoption of a territorial tax system for multinational corporations. Currently, the United States is one of only a handful of countries that tax businesses on worldwide earnings once they are brought back into the country — encouraging companies to shift their headquarters and profits overseas.

“We are actually very unique in the world in the way we discourage capital from coming back to America and how we incentivize off-shoring jobs,” Ryan said in his prepared speech. “This is not the kind of exceptionalism we should aspire to. … We must think differently, so that once again we make things here and export them around the world.”

The tax plan Ryan unveiled a year ago tried to address that problem by allowing companies to deduct the cost of goods made in America. The measure, which became known as the border adjustment tax, would have raised the cost of imports but lowered the cost of exports, and it faced stiff opposition from retailers.

Ryan conceded Tuesday that his plan lacks support within the White House. But he doubled down on the need to move to a territorial system.

Since Republicans took control of Washington, however, the hurdles to tax reform have grown higher. Lawmakers are still mired in debate over repealing and replacing the Affordable Care Act, commonly known as Obamacare. They must vote on that bill before they can move on to approving a 2018 budget that would open the door to tackling tax reform. In addition, lawmakers are facing a September deadline for raising the nation’s borrowing limit, which is another potentially bruising and time-consuming fight.

But the biggest obstacle could prove to be the White House, which has been engulfed by investigations into senior officials’ ties to Russia that have consumed Washington.

“Political setbacks, a lack of consensus on policy priorities, the distraction of fiscal deadlines, and the prolonged consideration of health legislation have delayed consideration of tax reform and diminished expectations of major policy changes more generally,” a Goldman Sachs note earlier this month said.

Still, the investment bank remained optimistic about the potential for a tax package to be enacted, though likely not this year. Goldman also downgraded its estimate for the size of any tax cuts to $1 trillion over the next decade. IHS Markit also dialed back its expectations this month for how far Republicans will cut the corporate tax rate: from 20 percent as Ryan has proposed to 25 percent.

“If the current political turmoil were to escalate into a full-blown crisis, then the chances of any tax stimulus or reforms being implemented would diminish considerably,” IHS Markit chief economist Nariman Behravesh wrote in a research note.

The White House is also working on a more detailed tax proposal than the one-page outline unveiled in April. On Monday, senior administration officials emphasized during a meeting with the financial services industry that they intended to unveil their plan in late summer or early fall, according to two people familiar with the discussions. Ryan and other members of Republican leadership have met with Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn three times to discuss the framework.

Source: cnbc china
Paul Ryan tries to save 'crown jewel' of GOP agenda: Tax reform

Comments are closed.