Washington—Today, a group dubbed the "Big Six" released a broad set of principles to provide directions to a long-awaited overhaul of America's cumbersome and inefficient tax code. The group includes Senate Majority Leader Mitch McConnell, Speaker Paul D. Ryan, Finance Chairman Orrin G. Hatch, Ways and Means Chairman Kevin Brady, Treasury Secretary Steven Mnuchin, and National Economic Council Director Gary Cohn. Heritage Action released the following statement from Chief Executive Officer Michael A. Needham:
"We have a once in a generation opportunity to fundamentally reform America's outdated and convoluted tax code. Heritage Action applauds President Trump and congressional leaders for uniting behind a coherent set of principles that, if translated into policy, would unleash economic growth, create jobs and increase wages.
"Not only are the principles solid, but the group's commitment to move beyond the border adjustment tax signals a commitment to decisive action. Moving forward, it is imperative the administration and congressional leaders ensure conservatives continue to have a seat at the table. Conservatives will serve as a bulkhead against special interests that thrive in the swampy, status quo."