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Republican hopes for rewriting tax code in 2017 are fading

Despite the disappointing fits and starts, they are trying to get things on track this week

Alan Rapperport | NYT 

Only two months ago, Republicans in Congress and President Trump’s top economic advisers were confidently predicting that a sweeping rewrite of the tax code would be in hand by summer’s end. But with the White House consumed with constant upheaval, Congress facing the prospect of myriad investigations on top of its delayed duty to fund the government, and health care legislation still grinding through the Senate, those hopes have faded. Even with the less ambitious plan of just tax cuts — not a tax overhaul — the new mantra in Washington is “Maybe next ...

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First Published: Thu, May 18 2017. 12:40 IST