Paul Ryan pitches his tax reform plans to Donald Trump's team



President-elect Donald Trump and House Speaker Paul Ryan are getting ready to tackle one of Ryan's signature issues: reforming the U.S. tax code.

According to The Washington Post, Ryan will meet with the president-elect's team Monday night to discuss the tax reform ideas in his "A Better Way" proposal.

A senior Republican aide told CNN, "The purpose of tonight's meeting is to walk through the tax reform plan House Republicans put forward last year in our 'Better Way' agenda. ... This is a priority issue for the incoming administration and the House, and [House Committee on Ways and Means Chairman Kevin] Brady will lead those efforts for us this year."

4 PHOTOS
Donald Trump reveals he'll be leaving his business
See Gallery
Donald Trump reveals he'll be leaving his business
I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my ...
great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ....
do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses..
Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Trump himself won't be in attendance, but incoming White House officials including Steve Bannon, Reince Priebus, Jared Kushner and Stephen Miller will be present, according to the Post's sources.

SEE MORE: Paul Ryan Says GOP Will Defund Planned Parenthood Along With Obamacare

Trump's new National Economic Council director Gary Cohn, formerly the president of Goldman Sachs, will also be attending the meeting.

Ryan's "A Better Way" plan outlines new legislation on a number of issues the Speaker hopes to push through the House. He'll have a better opportunity to focus on that agenda now that Republicans control the White House and both chambers of Congress.

Ryan and Trump see eye to eye on many tax issues. For example, both have argued for simplifying the current tax bracket structure and eliminating the estate tax.

But Ryan will have to square his tax policy proposals with Trump's repeated campaign promise to slap heavy tariffs on goods manufactured in other countries — something Ryan has flatly rejected.


Tax Reform Changes That Impact Your 2018 Taxes

With all of the buzz about the new Tax Reform many taxpayers are questioning how this will affect their 2018 tax return. These provisions kicked in on January 1, 2018, which means that they will impact your 2018 tax return.

Read More

Brought to you by TurboTax.com

2018 Tax Reform Impact: What You Should Know

Congress has passed the largest piece of tax reform legislation in more than three decades. The bill went into place on January 1, 2018, which means that it will affect the taxes of most taxpayers for the 2018 tax year.

Read More

Brought to you by TurboTax.com

Video: What Are Income Taxes?

Income taxes are a percentage of money that you pay to the government based on every dollar of taxable income. Learn about income taxes with help from TurboTax in this video on tax tips.

Read More

Brought to you by TurboTax.com

Rules for Claiming a Dependent on Your Tax Return

Claiming dependents can help you save thousands of dollars on your taxes. Yet many of us are not aware of who in our family may qualify as our dependent. Review the rules for claiming dependents here for a qualifying child or relative.

Read More

Brought to you by TurboTax.com
Read Full Story