Senate Majority Leader Mitch McConnell called for “true comprehensive tax reform,” Monday, saying that such legislation would be needed to level the playing field for businesses.
“This is our once-in-a-generation opportunity to fundamentally rethink our tax code and make it more efficient,” McConnell wrote in an op-ed published by Insider Louisville.
McConnell, who in recent weeks has been singled out for criticism by President Trump, said he was looking forward to working on tax reform with the administration and with House Republicans. He described Trump as a “pro-growth president who would sign legislation from a pro-growth Congress.”
Last week, McConnell said during an appearance in his home state of Kentucky with Treasury Secretary Steven Mnuchin that there was “some internal debate” about whether to pursue a comprehensive, permanent rewrite of the tax code that didn’t add to the deficit, or to go the more expedient route of enacting a temporary tax cut.
The Kentucky Republican also indicated a willingness to eliminate many popular tax breaks to lower rates, saying that “any preference in the code is going to be looked at.”
