Brady: ‘Work to Do’ on Retirement Provisions in Tax Reform Effort
There is “work to do in the retirement areas,” House Ways & Means Chairman Kevin Brady (R-TX) said on Nov. 28. Brady’s remark at the Washington, DC headquarters of the American Enterprise Institute (AEI) came after saying that tax reform efforts are “not finished.”
Brady’s comment was part of broader remarks he made on tax reform. The chairman said that the Tax Cuts and Jobs Act
would boost financial, human and social capital and would remove the “distortionary” aspects of “today’s Plinko tax code,” likening the current tax code to the game in which coins randomly change course on their way to unpredictable destinations.
“The Senate is moving full steam ahead” on its version of the bill, said Brady, adding that he is “excited” about the Senate’s work on the measure
, the likely work of a conference committee to reconcile the House and Senate versions if they differ, and working with President Trump. Not enacting tax reform, Brady said, would have “real consequences.”