Wall Street should count on tax reform, possibly even before August, says the chair of the House Freedom Caucus.
Rep. Mark Meadows, R-N.C., spoke at a Politico Playbook event alongside fellow Freedom Caucus Reps. Justin Amash, R-Mich., and Jim Jordan, R-Ohio,.
There he addressed a question about passing tax reform before Congress breaks in August, saying, "I'm optimistic on tax reform if we do it differently than we did healthcare," according to Reuters.
House Speaker Paul Ryan said Wednesday that tax reform will take more time than healthcare reform, and that "the House has a (tax reform) plan but the Senate doesn't quite have one yet. They're working on one. The White House hasn't nailed it down," according to CNBC.
"So even the three entities aren't on the same page yet on tax reform."
House Ways and Means Committee Chairman Kevin Brady, R-Texas, told Politico Wednesday, "Because we don't have a very short month, month-and-a-half timetable as we did in health care, I think that helps us on tax reform."
He added: "Compressed timetables are more difficult. You don't have the opportunity to do a hearing, to invite input, to have plenty of time to go back home and listen to constituents."
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