Posted on July 10, 2017
With health care legislation moving along, House Speaker Paul Ryan is eager to pivot to tax reform. During a June 20 speech at the National Association of Manufacturers, the speaker discussed the GOP Blueprint for Tax Reform. He said the plan will eliminate certain taxes, including the Alternative Minimum Tax, and vows it will “clear out special-interest carve outs and excessive deductions, and focus on keeping those that make the most sense: home ownership, charitable giving, and retirement savings.” Finally, he promised to use the savings from closing loopholes to decrease tax rates.