<p class="p1"><span class="s1">House Ways and Means Chairman <a shape="rect" class="memberLink" title="Click to view member info in a new window" href="https://media.cq.com/members/465?rel=memberLink" target="_blank" rel="noopener noreferrer">Kevin Brady</a> said Tuesday that the tax overhaul Congress is considering now won’t be the last tax bill. </span></p><p class="p1"><span class="s1">“This is not the last step. We still have some work to do,” the Texas Republican said at an event hosted by the American Enterprise Institute. He cited additional work that could be done in the retirement and financial product areas of the tax code as examples of potential future legislation. </span></p><p class="p1"><span class="s1">The tax overhaul will boost worldwide competitiveness of the United States, which is currently ranked 31st out of 35 developed nations, Brady said. </span></p><p class="p1"><span class="s1">“Us leapfrogging back into the top three to five worldwide, keeping us there, obviously is a bit of game-changer,” he said. “But I don’t see our competitors stopping. This is a competitive game.” </span></p><p class="p1"><em><strong>Watch: Hatch on Tax Bill Differences With House: ‘We’re Willing to Work Together’</strong></em></p><p class="p1"><!-- Begin flowplayer container --> </p><div class="jwplayer"><!-- wp:shortcode -->[jwp-video n="1"]<!-- /wp:shortcode --></div><p class="p1"><span class="s1">Because of that, the U.S. can’t stop either, Brady suggested. </span></p><p class="p1"><span class="s1">“After we finish this tax reform, I don’t see that as completing our work,” he said. “We’re going to continue to do tax reform where it makes us more competitive.”</span></p><p class="p1"><span class="s1">However, Brady said not to expect another tax bill in 2018. </span></p><p class="p1"><span class="s1">“I’m not saying next year. I’m going to have to recover from this one,” he joked. </span></p><p class="p1"><span class="s1">But that doesn’t mean the Ways and Means Committee will be resting. On the panel’s agenda for next year, Brady said, is trade, welfare and health care changes.</span></p><div id="cqrcPostAdditional"></div>
