Ryan Struggles to Sell Tax Reform to His Own Party

“Paul Ryan showed up to Senate Republicans’ weekly lunch on Tuesday hoping to salvage a controversial pillar of his tax reform plan that would change how imports and exports are taxed,” Politico reports.

The next day, Sen. Tom Cotton (R-AR) took to the Senate floor to slam Ryan’s so-called “border adjustment tax,” saying “some ideas are so stupid only an intellectual could believe them.”

“The sequence was an ominous sign for a linchpin of Ryan’s tax plan — and perhaps for the prospects of tax reform happening at all. The border adjustment tax would generate more than a trillion dollars over a decade; there’s no obvious way to replace that money, which is needed to help pay for a steep cut in corporate and income taxes.”