House Speaker Paul Ryan, R-Wis., is planning a "major" speech discussing tax reform for Tuesday, and he and other leaders in Congress are working on a unified reform plan with The White House, Ryan's office said Friday, according to The Hill.
Ryan is not planning to reveal details of a tax reform bill, but will discuss "what tax reform looks like, not just the benefits," his office said.
The speech will take place at the National Association of Manufacturers' Washington summit, and Jay Timmons, the group's president and CEO, will moderate a question-and-answer discussion with Ryan after his speech, according to the Hill.
Vice President Mike Pence is also scheduled to speak at the NAM conference Tuesday. House Majority Leader Kevin McCarthy, R-Calif., and Secretary of Labor Alex Acosta will speak at the summit on Wednesday.
Ryan and other leaders in Congress have met with members of President Donald Trump's economic team to work on a tax reform agreement. Legislators as well as officials in Trump's administration have said they aim to pass tax reform this year, the Hill reported.
One part of Ryan's tax-reform plan is a border adjustment provision to put taxes on imports and give an exemption to exports. However, business leaders and some Republican legislators have criticized the border adjustment tax. Treasury Secretary Steven Mnuchin declared the border tax proposal dead in May during a meeting with Democrats, according to Bloomberg.
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