Issues

House Ways and Means Chairman: Trump Is ‘All In’ on Tax Reform This Year

House Ways and Means Committee chairman Kevin Brady (R., Texas) said Tuesday that President Donald Trump is "all in" on tax reform and Republicans are on track to deliver on that issue this year.

CNBC "Squawk Box" host Joe Kernen asked about the perception that Trump did not sufficiently use the bully pulpit to sell Americans on his health care reform and whether Trump would be out front on this issue.

"You can't do this without presidential leadership. My sense of President Trump, he's all in on tax reform," Brady said.

Brady also said in the aftermath of the aborted Obamacare repeal that no lawmaker believed it would help his or her political standing to miss an opportunity to do tax reform.

"To me, it feels so much different than health care," Brady said.

Brady is delivering a speech on Wednesday from Ronald Reagan's ranch in Santa Barbara, Calif., on the 31st anniversary of Reagan signing a major tax reform package in 1986.

"The points we're going to make is that President Reagan wouldn't recognize the tax code we have today," Brady said. "America's really fallen into bad, old habits on tax reform, and the final point we're making is that we are on track to deliver transformational, bold tax reform this year, because President Trump, the House, and Senate are working together to deliver on that timetable."

Trump touted the tax reform package his administration wanted last month in an interview with Pat Robertson.

"We're talking about massive tax cuts, the biggest tax cut in the history of our country," he said. "We're going to get people back again. We're going to bring back $4 trillion from overseas, money that can come back into this country because of our tax code."

Treasury Secretary Steven Mnuchin said the reforms would simplify taxes to the point that 90 percent of Americans could fill out their tax return on a postcard.

"We will pass tax reform, and this is about creating jobs, this is about creating wage growth, this is about a simpler and fairer tax system," Mnuchin said. "We're going to simplify personal taxes where 90 percent of Americans will be able to fill out their tax return on a large postcard."