Speaker Paul Ryan said he thinks Republicans will be able to pass a tax reform bill in 2017, a prediction that was broadcast just hours after Senate Republicans failed to get anywhere on healthcare reform.
"I feel much more confident that we're going to stick the landing on tax reform because we have now said we have consensus, here's the framework, let's go get it done," he said on Fox Business.
.@SpeakerRyan: Consensus between the WH, the Senate, and the House on a way forward on tax reform makes it much more of a viable enterprise. pic.twitter.com/alq90rgcQO— FOX Business (@FoxBusiness) July 28, 2017
Ryan is one of the supporters of the border adjustment tax proposal, which would not tax U.S. companies on exports, but also wouldn't let companies deduct the cost imported inputs from their taxes. But Ryan said it's time to find consensus, which is why the GOP abandoned the idea this week.
Ryan said getting tax reform done in 2017 would be critical for achieving the 3 percent growth rate that the Trump administration is counting on to help fund its priorities, such as higher defense spending, and avoid running up the national debt.