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Treasury Secretary Defends Trump Plans For Jobs, Tax Reform. (05/16/2017)

Fox Business (5/13, Shapiro) reported that “Treasury Secretary Steven Mnuchin defended the Trump administration’s plans to save and create jobs for American workers during his meetings with G7 finance ministers at their annual meeting in Bari, Italy.” Fox Business added Mnuchin “also reiterated the promise for tax reform in the United States, telling G7 ministers it remains a goal by the end of the year.”

Ryan Sees Tax Reform Passed This Year. The Hill (5/14, Greenwood) reported House Speaker Paul Ryan (R-WI) “said Congress is likely to pass a major overhaul of the tax code by the end of the year, but cautioned that Republicans ‘don’t want to put an artificial deadline’ on reform.” He told radio host John Catsimatidis this is because “we want to get it right. So this is really a plan for 2017, and we are convinced that we can get this done in 2017 so that the economy can really start to take off.”

In Ohio, Ryan Says “Tax Overhaul Long Overdue.” The Chicago Tribune (5/10, Smyth) reports that on a visit to Ohio House Speaker Paul Ryan said Congress “will act soon” on tax reform. The Tribune added that, “during a roundtable discussion Wednesday at a central Ohio contract packaging plant, Ryan focused on reducing the number of tax brackets to three, eliminating tax breaks and simplifying the code to cut rates for individuals.”