Mr. Brady and Mr. Ryan both insisted this week that some form of border adjustment tax remained crucial<br />to a tax overhaul, while Mr. McConnell said it would not have sufficient support to pass in the Senate.<br />As he left the meeting with Mr. Mnuchin and Mr. Cohn, Senator Ron Wyden of Oregon, the ranking Democrat on the Senate Finance<br />Committee, said the White House was still struggling to add substance to the one-page outline it released last month.<br />Republican Hopes for Rewriting Tax Code in 2017 Are Fading -<br />By ALAN RAPPEPORTMAY 17, 2017<br />WASHINGTON — Only two months ago, Republicans in Congress and President Trump’s top economic advisers were confidently predicting<br />that a sweeping rewrite of the tax code would be in hand by summer’s end.<br />Even with the less ambitious plan of just tax cuts — not a tax overhaul — the new mantra in Washington is “Maybe next year.”<br />“I think people are beginning to settle in and come to the realization<br />that this is going to be a long ride,” said Ken Spain, a former National Republican Congressional Committee spokesman who lobbies for businesses on tax issues.
