By Dan Calabrese ——Bio and Archives--November 9, 2017
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But the Washington Post reported on Tuesday that the Senate could include a one-year delay in its version of the bill to make it easier to comply with the chamber’s rules that aim to limit any legislation’s impact on the U.S. deficit. Wall Street, where investors remain focused on the tax bill’s chances of passage, was trading largely flat on Wednesday as bank stocks came under pressure from a near-flat Treasury yield curve. Asked if House Republicans would consider a delay in implementing the lower corporate rate, Ryan told Fox News Radio on Wednesday: “So what economists tell us ... is that you still get very fast economic growth and you actually are encouraging companies to spend on factories and plants and equipment and hiring people sooner with the phase-in.” Ryan, the highest ranking Republican on Capitol Hill and a former chairman of the House’s tax-writing panel, said both chambers of Congress would work on their own tax cut package and iron out the differences in a conference committee.
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