>> A humiliating defeat over a Health Care Reform Bill threatening to derail the agenda of US President Donald Trump. The White House this week turning to tax reform in an effort to get his administration back on track.>> I would say that we will probably start going very, very strongly for the big tax cuts and tax reform.
That'll be next.>> But taxes could be even more politically fraught than healthcare. No president has overhauled the US tax code since 1986. White House Chief of Staff Reince Priebus on Sunday saying he hopes to move a tax bill through a House of Representatives committee this spring. Prevos saying, he was open to working with moderate Democrats to get the bill passed.
Last week President Trump failed to win over enough support from his own party to deliver on a campaign pledge to repeal and replace the Affordable Care Act. And due to congressional rules, the administration faces a rapidly closing window if it wants to get a tax deal done by the end of the year.
>> Yes this does make tax reform more difficult but it does not in any way make it impossible.>> It's also unclear whether Trump and House Speaker Paul Ryan see eye to eye on taxes. Or just how much input this speaker will have in a tax push expected to come from the White House and Treasury Department.
Some Republican hardliners who rejected Trump's health care plan signaling they might be less strident on a tax deal. And Democrats have said they are open to working with Trump on taxes, but that party still riding high on the President's healthcare defeat and may try to press their political advantage rather than compromise.