Even the House Freedom Caucus Opposes Full Expensing

The White House is starting the next phase of its tax reform push with the expected launch of a formal set of listening sessions with industry groups. 

Members of the House Freedom Caucus called on congressional leaders Friday to introduce a formal tax reform proposal by the end of July..

Representative Jim Jordan, Freedom Caucus co-founder, said tax reform could have trouble moving forward because House Republicans are having trouble agreeing on a budget with reconciliation instructions needed to allow Republicans to bypass Democrats in passing a tax overhaul.

"If you don't get a budget agreement, you can't get reconciliation. If you don't have reconciliation, you can't get tax reform," Jordan told the forum...

Meadows said the caucus does not plan to support a proposal that would allow full expensing for corporations, a policy backed by House Republican leaders.