In an interview with CNBC News, U.S. House Speaker Paul Ryan said that they will get the tax reform done by the end of this calendar year and added that they will consolidate 7 tax brackets into 3, keep deductions for mortgages and charity giving.
Key quotes (via Reuters):
- Love the fight to try to get 3% GDP growth
- Cannot get to 3 pct growth without tax reform
- Border adjustment tax not dead. Just cannot be achieved on day one
- Various probes won’t hurt tax reform effort