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GOP Senators Meet with Administration Officials on Tax Reform

Submitted by ckanon@abi.org on
A group of Republicans senators met with administration officials to discuss tax reform, as the White House works to flesh out President Donald Trump's tax plan, The Hill reported yesterday. Members of the conservative Senate Steering Committee met with Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohng. Trump also invited the senators to come over to the West Wing. The discussion covered both personal and corporate tax reform, and administration officials stressed their desire to get legislation enacted this year. Mnuchin discussed his interest in moving the U.S. to a "territorial" tax system under which American companies would not face U.S. taxes on their foreign earnings. Several senators have expressed concerns in the past about a provision in the House Republicans' tax blueprint that would tax imports and exempt exports. The meeting is one of several listening sessions that administration officials are holding with lawmakers and industry groups this month. The White House released the broad outlines of a tax-reform plan in late April, and administration officials are getting feedback from stakeholders as they work on the details of a plan that the House and Senate can support.
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