"Gang of Six" to Release Tax Reform Details
Republican congressional leaders and representatives of the White House promised this week that further details on the framework for tax reform will be released the week of September 25. The so-called Gang of Six – Treasury Secretary Mnuchin, National Economic Council Director Cohn, House Ways and Means Committee Chairman Brady, House Speaker Ryan, Senate Majority Leader McConnell, and Senate Finance Committee Chairman Hatch – have been meeting for months to work out a common approach to tax reform. There have been conflicting statements, however, as to how much detail will be released later this month and how binding the framework will be. There are reports that Treasury Secretary Mnuchin said the framework will include the corporate tax rate, while Ways and Means Chairman Brady said it might not. Senate Finance Committee Chairman Hatch said his committee would not necessarily be bound by the framework.
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