Top Republican senators are signaling that they may not be able to complete a tax overhaul before August, even as House leaders and members of President Donald Trump's administration say they're committed to meeting that deadline.

Senate Majority Leader Mitch McConnell said during an interview with Politico Thursday that debate over repealing the Affordable Care Act is putting some constraints on addressing taxes before Congress takes its summer break in August.

"I think finishing on tax reform will take longer," McConnell said. "We do have to finish the health-care debate, up or down, win or lose, before we go to taxes."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.