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ICYMI – Brady Discusses Tariffs, Tax Reform, and IRS Reform

March 22, 2018

House Ways and Means Committee Chairman Kevin Brady (R-TX) joined CNBC’s Squawk Box this morning to discuss additional tax reforms, trade policies, and IRS reform.

On the positive effects of the Tax Cuts and Jobs Act since it was signed into law three months ago, Chairman Brady said:

“People are seeing more in their paychecks. There’s actually hope for their kids who are coming out of school – hope that they’ll have better jobs and better paychecks and they’re actually seeing it now.”

He added:

I think the best is yet to come because while we’re really encouraged by the short-term impact, the truth is this tax reform was built to grow America, bring jobs back from overseas, new investment coming back to America – long-term investments as well.”

On Section 301 tariffs targeting China:

“The President is right to go after China on intellectual property … it costs us thousands of US jobs. The challenge for every President is how to do it in a way where you don’t punish Americans for China’s misbehavior … We’re urging the President to narrow these to really hit the target and make sure there isn’t spillover that affects our workers, our families, our farmers.”

He added:

“One of the smartest things the Administration could do would be to do a 30-day comment period – or something like that – before this takes place. So you lay it out, you get the feedback, you continue to fine-tune it.”

On IRS Reform:

“We think a new and improved tax code really demands a new and improved IRS. You’re going to see in April a bill moving forward that really begins to restructure the IRS – really focuses it on the taxpayer-oriented organization that we deserve.”