Ryan feels ‘very good’ about passing tax bill by Thanksgiving

Speaker Paul Ryan (R-Wis.) in a Sunday television interview expressed confidence that House Republicans will pass their tax-reform legislation by Thanksgiving.

“I feel very good about it. I think our members are very excited about this. We’re pleased with what we’ve rolled out, and this is what we said we would do when we ran for office in 2016,” Ryan told “Fox News Sunday” when asked about the deadline.

{mosads}The bill, unveiled last week, is expected to pass the House, but may face an uphill battle in the Senate, which repeatedly failed to repeal and replace ObamaCare earlier this year despite legislation passing in the lower chamber.

Ryan in his interview with Chris Wallace said Republicans, having learned from the failed health-care push, emphasized a “coordinated” effort on tax reform.

“The lesson learned was, ah, coordinate with the Senate and then move together,” Ryan said.

The bill, know as the “Tax Cuts and Jobs Act,” would cut tax rates for business and decrease the number of individual tax brackets.

“We have to have tax reform, we have to have tax cuts for people in the middle. This delivers that, and we really are convinced this is going to help get our economy growing and reaching its potential,” Paul told Wallace.