Ryan Says Tax Overhaul Must Happen in 2017 to Rebuild Economy
- Speaker’s remarks come ahead of first major tax speech Tuesday
- Treasury secretary says plan is still to pass bill in 2017
Paul Ryan
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House Speaker Paul Ryan said a tax overhaul must happen in 2017 to rebuild U.S. confidence and get the economy growing more robustly.
“We have to do tax reform in 2017 if we’re going to get a confident America,” Ryan said Tuesday during an interview on Fox News. “It’s ridiculous -- it’s costing us competitiveness, it’s costing us jobs,” Ryan said, referring to the current U.S. corporate tax rate, which is 35 percent.