Freedom Caucus Demands Tax Details From Republican Leaders
Leaders of the conservative House Freedom Caucus are frustrated that Republican leaders haven’t yet released details of their tax overhaul plans, saying they’re concerned that time is running out to deliver on their promise of a revamp.
“At some point you’re going to have to call the play. You’re going to have to get specific,” Representative Mark Meadows, the caucus chairman, said Thursday at a Bloomberg News breakfast. “We can’t answer it if we don’t know what the details are. It’s time to make some decisions and get on with it.”
Meadows said that with a new Dec. 8 deadline to avert a government shutdown and debt default under a deal President Donald Trump struck with congressional leaders on Wednesday, “tax reform needs to happen by Thanksgiving” or it risks failure. “The enemy is time. And time is never defeated.”
The frustrations come as the White House and Republican leaders say they remain hopeful that a comprehensive rewrite of the tax code will pass and get signed into law by the end of 2017. But there’s no legislative text yet, nor are there answers to basic questions such as what individual or corporate tax rates will be, let alone more difficult ones such as if and how the tax cuts will be paid for.
“Hope is not a plan. Will someone tell me what the plan is for tax reform?” said Representative Jim Jordan of Ohio, a caucus co-founder. He said Republicans haven’t received guidance on where tax rates will be set or on tax benefits for businesses such as expensing.
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