Despite speculation to the contrary, Rep. Kristi Noem (R-SD) believes that tax reform is on the way.

"We're closer to getting tax reform done than we have been in 30 years," Noem, who serves on the House Ways and Means Committee, said on "Your World" today.

She acknowledged that after eight years of former President Barack Obama, there are a lot of issues that need to be dealt with to get the U.S. economy back on track.

"Tax reform is very much a key part of that, and that's something that the House is pretty far down the road on," Noem said.

She said that could still include a "border adjustment tax," which would in effect impose a 20-percent levy on imported goods in an effort to encourage job creation in the U.S.

She said that even though President Trump reportedly isn't keen on a border tax, the Trump team remains open to the possibility.

"All of our competitors have this kind of a tax," Noem said. "When we stay back in the ancient plan and the way that we run our tax system today, it makes our companies, it makes America uncompetitive."

She said they are still optimistic about getting tax reform done by August, but that depends on the Senate and how the repealing and replacing of ObamaCare proceeds.

Watch more above, and let us know what you think in the comments.

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