House Speaker Paul Ryan is looking to restart tax reform efforts that have been bogged down in Congress, Politico reported.
"We are going to get this done in 2017," he will say in a speech before the National Association of Manufacturers. "We need to get this done in 2017. We cannot let this once-in-a-generation moment slip. ... Transformational tax reform can be done, and we are moving forward. Full speed ahead."
His comments come in excerpts of the speech released by his office, the website said.
Politico noted the speech is aimed at assuring nervous supporters that Congress will move ahead on taxes, Politico reported.
Ryan will argue that Republicans need to enact permanent tax reform instead of a temporary tax cut, according to the Washington Examiner.
And he also will stress the U.S. needs a more competitive tax system.
"We are actually unique in the world in the way we discourage capital from coming back to America and how we incentivize off-shoring jobs," Ryan will say in his speech, according to excerpts. "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."
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