ECONOMY/TAXES: “Gary Cohn, the president’s top economic adviser, said Tuesday [11-14-17] he is confident Congress will pass a sweeping tax overhaul, while adding that time is short and lawmakers need to act by year’s end.
Mr. Cohn noted that Congress is set to leave for Thanksgiving recess this week and the legislative agenda looks to be packed in December, leaving a narrow window to pass a measure aimed cutting tax rates and boosting the economy.
Speaking at The Wall Street Journal’s CEO Council, Mr. Cohn said, ‘Look, I think it’s really important to get it done. We’ve got to get taxes done this year. The legislative calendar is going to get very crowded come the first and second week of December.’
House Republicans leaders expect the full House will vote on its tax bill this week, while the Senate Finance Committee is expecting to vote on a separate version later this week.
President Donald Trump has said that he hopes to sign a bill by Christmas.”
-Peter Nicholas, “Cohn: ‘We’ve Got to Get Taxes Done This Year’,” The Wall Street Journal online, Nov. 14, 2017 10:17am