Speaker Ryan may move Republican tax rhetoric closer to reality

Newly elected Speaker of the U.S. House of Representatives Ryan wields the speaker's gavel for the first time on Capitol Hill in WashingtonBy Andy Sullivan WASHINGTON (Reuters) – Republican presidential candidates who promise to cut and simplify U.S. taxes would find a powerful ally if they reach the White House: House of Representatives Speaker Paul Ryan. The newly elected speaker is a long-time champion of thoroughly overhauling the tax code, a politically difficult project that has eluded Washington since 1986. “How reassuring it would be if we actually fixed the tax code,” said Ryan, who ran for vice president in 2012, in his acceptance speech after being elected speaker on Thursday.

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