Tags: Trump Administration | Donald Trump | Trump Tax Reform | kevin brady | trump | bold | tax reform

Kevin Brady: Trump 'Going Bold' With Tax Reform Plans

MSNBC's "Morning Joe"

By    |   Wednesday, 26 Apr 2017 12:29 PM

President Donald Trump will be "going bold" by putting his political capital and leadership behind the tax plan he's unveiling on Wednesday, House Ways and Means Committee Chairman Kevin Brady said Wednesday.

"Today, I think, is an exciting day for the president to lay out his key principles," the Texas Republican lawmaker told MSNBC's "Morning Joe" program, noting he thinks there is at least 80 percent or more common ground between Trump's plan and lawmakers'.

"We've got some work to do in the number of those areas but I think the president, I'll leave the news to him but I think he's going bold," said Brady. "I think he's putting his political capital and leadership behind it and they are determined to work with us in the House and Senate to get on the same page."

Trump has proposed a 15 percent corporate tax rate, which would be a drastic reduction from the current rates, and Brady noted that the United States is no longer competitive through its rates with other countries worldwide.

"On the rates themselves, I think we ought to go as low as we can," Brady said. "Not just for corporations but for every style of business, whether it's that small business owner operator or someone else, it's critical to do that. I'm anxious to get down and deep and see how bold we can go."

The House GOP tax blueprint currently has its corporate rate goal set at 20 percent, but is still working to go lower.

"We want to be competitive as we can but again, I think we too believe that we also have to go after our competitors on no longer taxing worldwide," said Brady. "I think it needs work. We need to have equal taxation in the U.S. of products, whether they are foreign or made in America, just as our competitors do.

Brady does believe the tax reduction can be revenue neutral, and it's critical for that reason.

"You want tax reform that is bold, that balances and is built to last," said Brady. "If it is permanent and good tax reform, that's where you get the greatest number of years of growth."

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President Donald Trump will be "going bold" by putting his political capital and leadership behind the tax plan he's unveiling on Wednesday, House Ways and Means Committee Chairman Kevin Brady said Wednesday.
kevin brady, trump, bold, tax reform, plans
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2017-29-26
Wednesday, 26 Apr 2017 12:29 PM
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