Trump tax plan faces rockier road after bruising healthcare loss

Washington

THE White House will take a lead role in crafting legislation to overhaul the US tax code, eyeing an August target date as President Donald Trump seeks his first legislative victory following the failure last week of a long-promised bill to undo Obamacare.

Mr Trump's pledge to cut taxes, including a lowering of the rates paid by corporations, was a pillar of his 2016 presidential campaign and provided much of the fuel for the heady stock market rally that followed his Nov 8 victory.

The White House said on Monday it was moving ahead with tax reform, calling it a "huge priority" for the Republican president and "something that he feels very strongly about." "Obviously, we're driving the train on this," White House spokesman Sean Spicer said during a briefing, adding, "We're going to work with Congress on this." M…