The following is an excerpt from ALAN RAPPEPORT | September 12, 2017 | Nytimes.com |
WASHINGTON — The Trump administration remains open to forging bipartisan tax legislation with Democrats but will push for a Republican-only plan using the budget reconciliation process if necessary.
“If we can’t get 60 votes, we’re prepared to use reconciliation to get it done,” Steven Mnuchin, the Treasury secretary, said at a CNBC conference on Tuesday.
The comments come as the White House and Republicans in Congress are working to release the outlines of a plan to overhaul the tax code sometime later this month. Mr. Mnuchin said that he remained hopeful that a tax bill could be passed by the end of the year.
Bipartisanship appeared more likely last week after President Trump brokered a short-term deal on the debt limit and government spending with Senator Chuck Schumer of New York, the Democratic leader, and Representative Nancy Pelosi of California, the top House Democrat, against the wishes of his economic advisers.
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