Paul Ryan visits Boeing, says tax reform will be done this year

by Lawrence Cooper August 28, 2017, 1:03
Paul Ryan visits Boeing, says tax reform will be done this year

"We're in constant contact to try to put together a shared agenda that we agree on, and we're working together to make that shared agenda", Ryan said, according to Fox Business. Ryan said that would be the wrong move.

Ryan does disagree with the Trump White House on one aspect of tax reform - mortgage deductions.

"I would just say that I think it's important that we all stay unified as Republicans to complete our agenda", Ryan said. "That is what people tell us they want to see, that's what we ran on and that's what we're going to deliver on", Ryan said. "We made a promise, we ran on this, we said this is necessary, this is what we're gonna do".

Ryan maintained that he doesn't need a better motivation from the Oval Office to complete the expedient and tremendous task of getting a tax bill through the House and Senate and signed by the President. The S&P 500 index fell.35% and the Dow Jones Industrial Average fell.4%.

"Government shutdowns are not unprecedented in the US, of course, and they typically are mildly disruptive", he wrote. Even before Trump's threat Tuesday night, Goldman Sachs Group Inc. was warning clients that there was a 50 percent chance of a government shutdown. "I don't think that anyone is interested in having a shutdown, I don't think it's in our interest to do so while we work on doing what we actually said we would do - what we have done already in the House and we need to do, which is control our borders - so I don't think you have to choose between the two". "I believe that a government shutdown seems inevitable". Trump is making noise about not raising the debt ceiling, a routine matter wherein Congress allows the Treasury to issue debt to allow the country to pay its bills.

Treasury Secretary Steven Mnuchin has called for a "clean" debt ceiling increase, meaning the vote is not attached to other provisions.

If the two are attached, Trump's veto threat becomes more significant, risking a partial shutdown October 1 and a debt payments default shortly thereafter.


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