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Mitch McConnell thinks tax reform will take longer than Trump claimed; Spicer insists nothing changed

by Jacob Pramuk | Mar 20, 2017   ()
Mitch McConnell thinks getting tax reform done, along with repealing Obamacare, could take longer than the Trump administration claims.

Politico on Thursday asked the Republican Senate majority leader if he thinks tax reform can be completed by August.

"I think finishing on tax reform will take longer. But we do have to finish the health-care debate, up or down, win or lose, before we go to taxes," McConnell told Politico.

 

Treasury Secretary Steven Mnuchin previously told CNBC he wanted to see "very significant" tax reform passed by Congress' August recess. Asked Thursday if he could give a more realistic timeline for a tax overhaul, McConnell said, "I don't know. It is complicated."

Republicans have started a packed legislative calendar by pushing to repeal and replace the Affordable Care Act, also known as Obamacare. For both political and procedural reasons, the GOP aims to pass health-care reform first, then turn to tax reform. 

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Source: CNBC
Source: CNBC

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