ICYMI: Brady Discusses AHCA and Tax Reform on CNBC’s “Squawk Box”
This morning Ways and Means Committee Chairman Kevin Brady (R-TX) joined CNBC’s “Squawk Box” to discuss the American Health Care Act and our ongoing work on pro-growth tax reform.
CLICK the image to watch the full interview.
Excerpts from the Chairman’s interview below:
On this week’s House vote to repeal and replace Obamacare with the American Health Care Act
“At every step of the way, we’ve looked for ways to improve this bill, listening to our members. It’s March Madness, so maybe the appropriate analogy is: we are driving the ball way down the court, making it easy for the Senate to complete the shot. Certainly, they’ll want to make some changes. We recognize that. But look, this is a partnership. At the end of the day, these are real reforms in the House. And the Senate we hope—because these are their rules that we’re abiding by—can make even more improvements as they see fit. At the end of the day, we’re going to get this done.”
On tax reform that ends the “Made in America” tax
“My sense is that border adjustability has become a given, that it will be part of the final tax reform plan. Really, now the discussions are how can it be designed and transitioned in a very positive way for importers. Because for the rest of businesses, and I would say for importers as well, looking at this strong economy, taxing everyone equally in the U.S., eliminating any tax incentives to move overseas, and making sure ‘Made in America’ products can compete around the world, everyone wants that in the final tax reform plan. So really, now I think, it has shifted to how best to design these provisions.”
CLICK HERE to learn more about the Affordable Health Care Act.
CLICK HERE to learn more about ending the “Made in America” tax.