White House, Congress Agree on Timeline; Ryan Calls for Permanent Reform

Speaking at the National Association of Manufacturers summit, House Speaker Paul Ryan confirmed that the White House and House Republicans concentrating on crafting tax reform have agreed to a timeline for a bill to be submitted. White House Chief Economic Advisor, Gary Cohn, has stated that they aim to introduce a bill to Congress in September.

The Speaker reiterated his belief in a territorial system, stating that the controversial Border Adjustment Tax is not “dead” but acknowledging it needs to be revised. He also called for permanent, comprehensive reform for both individuals and businesses.

Read more: Paul Ryan: US can’t hit 3% growth without tax reform; Speaker Paul Ryan tries to save ‘crown jewel’ of GOP agenda: Tax reform

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