House Speaker Paul Ryan has won over an unlikely ally to salvage his controversial tax plan: Steve Bannon. Trump's top strategist once described Ryan - From southcoasttoday.com
Inside the administration, the proposed tax has several backers, including Stephen Miller, a senior Trump policy aide; Chief of Staff Reince Priebus, a longtime Ryan ally; newly confirmed Commerce Secretary Wilbur Ross; and trade adviser Peter Navarro, according to a senior administration official.
But the argument that the border tax could boost goods stamped "Made in America" resonates with Bannon, according to the person familiar with the meetings, citing the strategist's push for Trump's protectionist stance during the campaign.
Ryan has also spoken positively of Bannon since the election, telling PBS Newshour on Feb 8, "We're different kinds of conservatives, that we can safely say, I think.
The eventual tax bill must reduce the deficit or be revenue-neutral to be considered under a maneuver called reconciliation, which would allow the Senate to bypass the usual 60-vote threshold and pass it with only GOP votes.
Billionaire investor Warren Buffett joined the criticism Monday, saying the plan "would be a big sales tax" and that it would hit "items that are not yachts or anything like that; they're things that the ordinary person buys." Original content available for non-commercial use under a Creative Commons license, except where noted.