The Latest: GOP leaders offer mild praise for Trump tax plan
The Latest on President Donald Trump’s tax overhaul (all times EDT):
House and Senate Republican leaders offered mild praise for President Donald Trump’s outline to overhaul the nation’s tax code.
In a joint statement, Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan said the principles released by the Trump administration would serve as “critical guideposts” for overhauling the tax system.
They praised lower tax rates for families and businesses. They said they are confident they can work with the White House to rebuild the tax code in a way that will grow the economy, promote savings and investment and “bring prosperity to all Americans.”