Top members of President-elect Donald Trump’s team will meet tonight with House Speaker Paul Ryan to discuss their 2017 tax reform agenda, a senior Republican congressional aide said.
Trump’s son-in-law Jared Kushner, whose White House position of ‘senior advisor’ was announced earlier today, will be among those leading the push, according to reporting from the Washington Post.
Ryan and his policy staff are expected to walk the Trump team members through the ‘Better Way’ tax reform blueprint that the speaker and other House Republican leaders unveiled last June, an aide said.
Jared Kushner (left), the president-elect’s newly announced ‘senior advisor,’ will be among those representing Donald Trump (right) talking to Speaker Paul Ryan tonight about tax reform
The Trump transition team had no immediate comment on the meeting on Capitol Hill.
The Post reported earlier that, besides Kushner, the discussion would include incoming chief of staff Reince Priebus, incoming chief strategist Stephen Bannon, National Economic Council director Gary Cohn and adviser Stephen Moore.
Trump and Ryan agree that tax reform should reduce tax rates for individuals and businesses, do away with longstanding tax loopholes and broaden the tax base in order to drive U.S. economic growth.
The House Republican blueprint, seen by tax experts and lobbyists as a possible framework for future tax reform legislation, includes a border-adjustment measure that could satisfy Trump’s interest in promoting U.S. manufacturing by taxing imports while exempting export revenues from corporate taxation.
The two sides may need to bridge differences in some areas including whether to continue taxing U.S. corporate profits earned abroad.
There are also differences on rates.
Trump would slash the 35 percent corporate tax rate to 15 percent, while the House blueprint would cut the rate to 20 percent.
But Trump has not been critical of the House’s tax plan, a sign that he may view branding the Republican Party as the party of tax cuts as a higher priority than the two sides’ policy differences, the Post’s coverage pointed out.
The president-elect has named a number of Wall Street types to his administration including Gary Cohn, who is leading the position of president of Goldman Sachs to take the job of Trump’s chief economic adviser.
Cohn will be joined by Stephen Mnuchin, Trump’s treasury secretary pick.
Bannon, the ex-Breitbart.com executive, also has Goldman Sachs ties, working at the bank after he got out of the Navy.