martes, 23 de mayo de 2017

Ryan bucks White House, setting up clash on taxes

The House speaker is standing by his tax plan, even as it's rejected by the Trump administration.




White House officials who say Speaker Paul Ryan fumbled the Obamacare repeal bill by not getting enough member input fear the same thing could happen with tax reform. | Getty

Paul Ryan and the White House are barreling toward a tax reform show-down — a faceoff that’s becoming all but inevitable as the speaker continues selling a tax plan rejected by Trump officials.

At issue is a controversial pillar of the House GOP tax plan that effectively hikes taxes on imports.



Top administration officials from Treasury Secretary Steven Mnuchin to chief economic adviser Gary Cohn have warned the speaker that they’re not exactly fans of the so-called border adjustment tax — hoping Ryan would take a hint and change direction.

But the Wisconsin Republican is refusing to back off, arguing in recent days that it’s “the smart way to go.” And over the weekend, his key ally on the matter, Ways and Means Chairman Kevin Brady (R-Texas), began circulating talking points encouraging panel members to sell the scheme.

The document, tries to tap into populist sentiments that carried Donald Trump to the White House, arguing that the provision would end a “Made in America tax” that hurts U.S. manufacturers. It even claims that 80 percent of Trump supporters back the Ryan idea, which the president himself has never fully embraced and even criticized at times.

“I obviously think border adjustment is the smart way to go,” Ryan said at a press conference last Thursday. “I think it makes the tax code the most internationally competitive of any other version we’re looking at. And I think it removes all tax incentives for a firm to move… their production overseas.”

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