Brady aiming for tax-reform blueprint by June

Brady aiming for tax-reform blueprint by June
© Greg Nash

House Ways and Means Committee Chairman Kevin BradyKevin Patrick BradyOn The Money: Five takeaways from the July jobs report Stimulus checks debate now focuses on size, eligibility Pelosi huddles with chairmen on surprise billing but deal elusive MORE (R-Texas) said Friday that lawmakers are aiming to "produce a consensus blueprint for comprehensive pro-growth tax reform" by June. 

"Working together, this year we will design a tax system that is built for growth, which is what the American economy needs and what the American people deserve," Brady said at the U.S. Chamber of Commerce. "And continuing to work together, next year we will enact that system into law."

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The Ways and Means Committee has "deliberately laid the foundation for a new tax code in 2017" over the past few years, Brady said.

In February, the committee held a hearing about international tax reform, and in recent weeks, a Ways and Means subcommittee has held hearings on income- and consumption-based tax-reform proposals. 

"Our committee is looking at tax reform with fresh eyes, examining the whole range of tax ideas — consumption tax, cash flow tax, reformed income tax, and any other approach that will be pro-growth," Brady said. "There is no perfect way to tax, but there are proven ways to grow investment — and that’s what we want in our new tax code."

Committee members are also meeting with other House Republicans who are not on the panel "to expand the conversation and hear the full range of their ideas for reform," Brady said.