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US House Speaker Ryan: Tax rates must be permanent in tax reform

WASHINGTON, Aug 24 (Reuters) - U.S. House of Representatives Speaker Paul Ryan on Thursday rejected speculation that future tax legislation could include temporary tax cuts for businesses, saying macro-economic elements of tax reform including rates must be permanent.

We very passionately believe that permanence is very, very important. So the big decision-making provisions in the tax code? That stuffs got to be permanent, Ryan said in an interview with CNBC television.

"There are other things you can do that can have time dates on it, to make sure that the numbers work. But the big macro-economic policies - the rates and things like that - that stuff has to be made permanent." (Reporting by David Morgan; Editing by James Dalgleish)