“This Is A Historic Event”: GOP Leaders Say Tax Reform Will Pass By Week’s End

By Tyler Durden

After weeks of frenzied closed-door haggling, Republicans appear to be on the cusp of what could be the greatest legislative achievement of the Trump administration: Passing the first comprehensive tax reform plan since 1986. And on Sunday, Republican leaders reiterated that they had cobbled together the votes to push the reconciled version of the GOP tax plan through both the House and the Senate – in the process accomplishing the improbable feat of passing the tax bill by year’s end, according to Reuters.

Treasury Secretary Steven Mnuchin told CBS News’ “Face the Nation” on Sunday that Trump expected to realize his goal of signing the tax bill before Christmas. “This is a historic event,” Mnuchin said. “People said we wouldn’t get this done; we’re on the verge of getting this done.”

House Speaker Paul Ryan said last week that he expects the House to vote on the legislation on Monday or Tuesday, while the Senate would likely bring it to a vote on Tuesday or Wednesday. If both chambers are successful, Trump has said he would sign the bill, which, would add at least $1 trillion to the $20 trillion national debt over 10 years.

John Cornyn, the Republican senate whip, said …read more

Source:: ZeroHedge