- The Washington Times - Tuesday, April 25, 2017

Treasury Secretary Steven Mnuchin emerged from a closed-door meeting with top Capitol Hill lawmakers Tuesday to report that officials at both ends of Pennsylvania Avenue are committed to getting tax reform done.

Mr. Mnuchin, who was joined by Gary Cohn, director of the National Economic Council, called it a “very productive meeting.”

“We talked about a lot of things, and we look forward to talking about it more tomorrow,” Mr. Mnuchin told reporters.

“But it’s no question the fundamental principles of tax reform - the White House, the Treasury, the Senate and the House all agree on what we’re trying to do, and we’re all committed to getting tax reform done,” he said.

Mr. Mnuchin and Mr. Cohn made the trek to Senate Majority Leader Mitch McConnell’s office at the Capitol ahead of a planned announcement from the White House Wednesday on what President Trump wants to see in a tax package.

“So, couldn’t be happier with how the meeting went and we’re going to continue to work very closely together,” Mr. Mnuchin said.

Some differences have already emerged. Mr. Trump has indicated he wants a 15 percent corporate tax rate, which differs from the 20 percent rate the House GOP has offered, though both would be significant cuts from the current 35 percent rate.

House Republicans are also proposing a border adjustment tax on imports that’s estimated to raise approximately $1 trillion over 10 years, though Mr. Trump hasn’t indicated he supports that provision.

Sen. Orrin Hatch, Utah Republican and chairman of the tax-writing Senate Finance Committee, said the House hasn’t yet given up on the tax, which is a crucial part of the House GOP’s revenue structure in its blueprint.

House Speaker Paul D. Ryan and House Ways and Means Committee Chairman Kevin Brady had also been scheduled to attend the meeting.

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