With Paul Ryan running the full House and Kevin Brady running Ways and Means, the table is well set for seismic fiscal reforms in 2017 — provided a Republican wins the White House.
The crusade for tax reform, free trade, a sound dollar, and Obamacare repeal got a big lift on Wednesday when House GOP leaders chose Kevin Brady of Texas to replace newly elected Speaker Paul Ryan as chair of the powerful Ways and Means Committee, which has oversight over the $3.5 trillion tax system, the 14 percent of our economy devoted to health care, the $1 trillion welfare system, and laws governing trillions of dollars in international trade.
With Ryan running the show in the full House and Brady running Ways and Means, the table is well set for seismic fiscal reforms in 2017 — provided a Republican wins the White House. Mr. Brady is bald and soft-spoken, with a definite Texas drawl. In an interview this week, I ask him to outline his priorities for the committee. He says he wants to “follow in Paul Ryan’s footsteps and get some version of a flat tax or consumption tax through.”
He believes that the 25 percent corporate tax rate proposed by then–Ways and Means chairman Dave Camp in early 2014 wasn’t enough.
“I want to go a lot lower than that,” he says, mentioning a rate of 15 to 20 percent. “American companies can’t compete on a global scale with our rates so high.”
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Source: Kevin Brady: Pro-Growth Policies Coming to Ways and Means | National Review Online
