Selib Says Tax Reform by End-of-Year 'Unrealistic'

The transcript discusses a plan with a nine-page outline, highlighting the delegation of responsibilities to Congress. It emphasizes the need for a thorough process involving hearings and drafting sessions to ensure good outcomes. The unrealistic timeline set by the President is criticized, comparing it to past healthcare reforms. The impact of tax reform on the entire economy and businesses is stressed, advocating for a careful approach to avoid unforeseen consequences.

What is the significance of Congress in the context of the plan discussed?

How does the speaker suggest Congress should approach the drafting of the plan?

Why is it considered unrealistic to try to finalize the plan by the end of the year?

What are the implications of tax reform on small businesses according to the discussion?

What are the potential consequences of rushing the tax reform process?