Taiwan Trade Bill Unveiled, Could Pave Way to Tax Pact

Top House and Senate tax writers released legislation Friday approving a recently signed trade pact with Taiwan and paving a path toward cooperation that could lead to forging a sought-after tax deal.

“This legislation proves that Congress can—and will—lead on trade, and that it cannot be bypassed, nor is there any reason to do so,” said Senate Finance Committee ranking member Mike Crapo (R-Idaho) in a Friday joint release. “Congress is ready to pursue an ambitious trade agenda on a bipartisan basis. The Administration should recognize it is now time to negotiate real agreements with market access.”

The trade agreement ...