*UPDATE: NEW TIME* All other details remain unchanged Congressman Pat Tiberi (R-OH), Chairman of the Subcommittee on Select Revenue Measures, today announced that the Subcommittee will hold a hearing on the financial products tax reform discussion draft released on January 24, 2013, by the Committee on Ways and Means (“the Committee”).  The Committee released the discussion draft… Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) released a discussion draft aimed at creating a simpler and fairer tax code for small businesses.  The goal of Camp’s latest draft is to spur greater job creation and higher wages for American workers by reducing the burden the tax code imposes on small businesses.  According to the… Read more

A new survey released today by the National Federation of Independent Business (NFIB) sums up what small businesses want from comprehensive tax reform – a code that closes loopholes in order to make it less complex and less costly to comply with. Underscoring just how broken the tax code is, 85 percent of those surveyed by the nation’s leading small business group, “think that Congress… Read more

Tomorrow, the Ways and Means Subcommittee on Oversight will examine the tax provisions contained in ObamaCare.  Estimates by the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) confirm that the Democrats’ health law is a trillion-dollar tax hike that families and employers simply cannot afford.  Additionally, the Administration’s own documents state… Read more

In Virginia Tuesday, President Obama stood before roaring crowds and clicking cameras to act out his latest sequester melodrama. About the time he finished, a lone Michigan congressman sat down in a quieter Capitol Hill conference room to unveil the real news of the week. The politico: Dave Camp, chair of the House Ways and Means Committee. His subject: tax reform. The news—which by… Read more

Washington, DC - Today, the Ways and Means Committee announced a new email address, tax.reform@mail.house.gov as another way for stakeholders, advocacy groups and the public to share information, facts and data relevant to the Committee's review of current federal income tax law within the Committee’s 11 Tax Reform Working Groups.   The working groups, announced earlier this… Read more

The tax reform working groups commissioned by House Ways and Means Chairman Dave Camp won’t produce landmark legislation, but they might create something equally important to an eventual Tax Code rewrite: trust. That’s the theory, at least. Lawmakers have been mulling a comprehensive overhaul of the Tax Code for years. But with Democrats accusing the GOP of sacrificing the… Read more

The push for comprehensive tax reform that makes the tax code simpler and fairer for families, while strengthening the economy so more jobs and higher wages are created, received a significant boost today.  Signifying the importance tax reform holds for House Republicans, it was confirmed today that Speaker Boehner is holding H.R. 1 for a comprehensive tax bill.  In separate… Read more

The fate of corporate tax reform — a goal shared by virtually everyone in Washington — is almost certainly linked to a far greater challenge: rewriting tax laws for individuals. That’s according to Elaine Kamarck, the Democratic co-chair of the RATE Coalition, a group of dozens of major companies that banded together in 2011 to press Congress and the White House to lower… Read more

Tax reform, at least in American politics these days, is generally discussed at only the most abstract level. There is general agreement that it would be nice to lower tax rates while broadening the base by getting rid of loopholes. The latter, of course, are seldom specified in any detail, and are very much in the eye of the beholder. If real tax change is ever to be adopted, we are… Read more