WASHINGTON—House Republicans built their tax plan around a new system for taxing imports and exports, an assumption that hundreds of billions of dollars in tax increases in the 2010 Affordable Care Act would be gone already and confidence that the GOP could muscle important legislation through Congress on party-line votes. All three of those pillars collapsed in 12 hours overnight Thursday when party leaders formally abandoned a key...

Source: Wall Street Journal July 28, 2017 19:14 UTC