Mr. Brady and Mr. Ryan both insisted this week that some form of border adjustment tax remained crucial
to a tax overhaul, while Mr. McConnell said it would not have sufficient support to pass in the Senate.
As he left the meeting with Mr. Mnuchin and Mr. Cohn, Senator Ron Wyden of Oregon, the ranking Democrat on the Senate Finance
Committee, said the White House was still struggling to add substance to the one-page outline it released last month.
Republican Hopes for Rewriting Tax Code in 2017 Are Fading -
By ALAN RAPPEPORTMAY 17, 2017
WASHINGTON — Only two months ago, Republicans in Congress and President Trump’s top economic advisers were confidently predicting
that a sweeping rewrite of the tax code would be in hand by summer’s end.
Even with the less ambitious plan of just tax cuts — not a tax overhaul — the new mantra in Washington is “Maybe next year.”
“I think people are beginning to settle in and come to the realization
that this is going to be a long ride,” said Ken Spain, a former National Republican Congressional Committee spokesman who lobbies for businesses on tax issues.
