Ryan plans to steamroll Democrats with budget tool
While GOP leaders have made threats in the past to use reconciliation to repeal Obamacare, Ryan is making it clear he plans to use it when it counts.
"Trump and House Republicans have proposed different tax plans, but they are largely in sync on major principles. Both would cut the top tax rate for individuals to 33 percent from the current 39.6 percent. The corporate rate would drop to 15 percent under Trump’s plan and 20 percent under the House GOP plan, from 35 percent today. Both plans also would drain federal coffers of several trillion dollars and give the biggest boost to the wealthy. By the end of the decade, the richest 1 percent would have accumulated 99.6 percent of the benefits of the House GOP plan, according to the nonpartisan Tax Policy Center."