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Don’t see anything that knocks us off timetable for taxes this year: Top House GOP tax writer

  • House Ways and Means Chairman Kevin Brady is dealing with the devastation of Hurricane Harvey, he said, but it won't impact the timing on taxes.
  • Brady said so far he is "pleased" with the way local, state and federal governments are working together on Harvey.

Tax reform should still happen this year, House Ways and Means Chairman Kevin Brady told CNBC on Monday.

The Texas congressman is dealing with the devastation of Hurricane Harvey, he said, but it won't affect the timing on taxes.

"I've continued to work with the speaker on our end of the tax reform issue," Brady said in an interview with "Power Lunch."

"At this point, I haven't seen anything that knocks us off this timetable for this year."

Harvey was the most powerful hurricane to strike Texas in more than 50 years when it came ashore on Friday near Corpus Christi. Now Houston is facing worsening flooding as Harvey, now a tropical storm, continues to dump more rain on the city in the coming days.

Brady said so far he is "pleased" with the way local, state and federal governments are working together.

However, politics is already at play. On Saturday, Rep. Peter King, R-N.Y., said he'd support financial aid for Harvey even though Sen. Ted Cruz, R-Texas, and his "Texas cohorts" voted against aid after Superstorm Sandy.

Cruz told CNBC on Monday that two-thirds of that bill was unrelated spending and nothing to do with Sandy. Brady, who voted against the legislation, said talking about that bill or whether lawmakers learned their lesson about including too much pork was "the last thing I'm worrying about."

"Right now our biggest challenge is getting people mandatorily evacuated," he said.

However, he said he was "hopeful" that he would get support from his colleagues from New York, New Jersey and Connecticut.

Right now, Rep. John Culberson, R-Texas, is leading a bipartisan effort to put together estimates for what an aid bill would look like, he said.

"We'll just take that step by step."

— Reuters contributed to this report.