After the lack of sufficient support among House Republicans forced them to cancel a scheduled vote on a bill to repeal and replace Obamacare, both men highlighted the need to focus now on rewriting the U.S. tax code. “So now we’re going to go for tax reform, which I’ve always liked,” Trump said Friday following the decision to cancel the vote. Some experts say he’s seemed more interested in tax issues throughout his comparatively brief political career. During a press conference Friday, Ryan acknowledged that failing to repeal and replace Obamacare would make a tax overhaul more difficult, but not impossible, because his members have more consensus on taxes.
Trump’s tax proposals changed throughout his presidential campaign. By Election Day, his plan had moved closer to the tax blueprint that Ryan and other House leaders prefer. On corporate taxes, Trump and Ryan have yet to forge an agreement — particularly on the controversial issue of “border adjustments.” Ryan favors replacing the existing 35 percent corporate income tax with a 20 percent tax rate on companies’ domestic sales and imports. Exports would be excluded.